55
The inflow of remittances rose by 9.9 percent year-on-year to US$2.34 billion in the first 28 days of October, according to the latest data released by Bangladesh Bank on Tuesday.
During the same period last year, remittances stood at $2.13 billion.
From July to October 28 of the current fiscal year, expatriates sent a total of $9.93 billion, compared to $8.67 billion during the corresponding period of the previous year.
Officials said the increase reflects a steady rise in overseas transactions ahead of the upcoming election season and improved formal channel flows driven by the government’s remittance incentives.
