Expatriates sent nearly $1.53 billion in remittances to Bangladesh in the first 19 days of October FY 2024-25, averaging $80.70 million daily. This amount is slightly above the $1.47 billion remitted during the same period in September, with expectations that the inflow may maintain momentum throughout the month. By October 19, remittances included over $400.82 million through state-owned banks, $78.16 million through a specialized bank, $1.04 billion via private commercial banks, and $4.01 million through foreign banks. In contrast, 11 banks did not receive any remittances during this period. In the previous fiscal year (2023-24), total remittances reached $23.92 billion, the second highest in history, just below the record of $24.77 billion set in FY 2020-21.
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