Bangladesh received remittances totaling $655 million in the first nine days of November, according to the latest Bangladesh Bank report.

This equates to an average daily inflow of around Taka 72.8 million in foreign remittances.

The central bank’s report revealed that remittances for the same period in October stood at $739.8 million, indicating a decrease compared to last November’s remittance figures.

In terms of distribution among banks, state-owned banks accounted for $199.75 million of the remittances.

Private banks handled the largest share, facilitating $421.94 million in remittances, while specialized banks contributed $31.56 million and foreign banks handled $1.75 million. of dollars.

Its more detailed breakdown shows that between November 3 and 9, a total of $612.58 million was sent to Bangladesh, while from November 1 to 3, expatriates sent $42.41 million.

Bangladesh received $2.5386 billion in remittances in June.

Inflows, however, fell significantly in July, the first month of the current fiscal year, with remittances totaling nearly $1.91 billion – the lowest in the last 10 months.

The trend began to stabilize with the formation of a caretaker government, and remittances rebounded in August, reaching $2.2213 billion.

In September, remittances reached a fiscal year high of $2.4048 billion, followed by a slight decline in October, which saw a total of $2.3951 billion in remittances .