In the first 10 days of November of the current financial year (2023-24), remittances have reached 794 million US dollars. If this trend continues, the amount of remittances will stand at 230-240 million dollars at the end of the month.
As the amount of incentive is doubled, the rate of remittances coming through legal channels is increasing. Last September, remittances came in at 134 million US dollars.
This information is given in the latest updated report of Bangladesh Bank.
Banks are giving double incentive in remittance recently. The 2.5 percent incentive now stands at 5 percent. In this, the price of each dollar in remittance has become 115 rupees. On the whole, expatriate Bangladeshis are now sending remittances through banking channels avoiding illegal channels.
According to the report of Bangladesh Bank, in the first 10 days of November, an average of 8 crore (7.94 crore) dollars is coming every day. If this flow of remittances continues, it may exceed a record $2.3 billion by the end of the month. Last August, remittances crossed $2 billion in a single month.
According to the data of the central bank, in the first 10 days of this month, 4 crore 92 lakh 40 thousand US dollars came through the state bank. Besides, 1 crore 94 lakh 50 thousand dollars through a specialized bank, 72 crore 32 lakh 60 thousand dollars through private banks and 24 lakh 50 thousand US dollars came through foreign banks.