Expatriate arrivals in Bangladesh significantly dropped recently, with expatriate income from July 19-24 amounting to $78 million. This is a sharp decline from the daily average of $79 million in the first 18 days of July. Banking activities were disrupted from July 19-23 due to a curfew and internet shutdown, affecting legal channels for expatriate income. When banks reopened on July 24, transactions resumed but delays persisted. From July 1-24, expatriate income totaled $1.5 billion, compared to $1.586 billion in the same period last year. The first 18 days of July saw $142.2 million in income, indicating a substantial increase compared to the previous year. June recorded the highest monthly expatriate income in three years at $254 million. Despite efforts by the central bank to attract more foreign currency, the ongoing dollar crisis continues to pressure the economy. In the fiscal year 2022-23, Bangladesh received $2.161 billion in expatriate income, rising to $2.391 billion in the fiscal year 2023-24.
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