A significant increase was seen in the flow of expatriate income or remittances in November of this year.
According to the latest report published by Bangladesh Bank, $2.89 billion in remittances came to the country last month, which is 31.37% more than the same period of the previous year.
The amount in November last year was $2.20 billion. According to the central bank, this is the third highest remittance flow by 2025.
The highest remittance of the year came in March last year—$3.29 billion. The second highest was recorded in June, which amounted to $2.83 billion.
According to analysts, this positive trend in the flow of expatriate income is being seen due to the increase in employment in various countries, incentives by governments and banks to send remittances through legal channels, and the stable exchange rate.
It is also believed that the increase in remittances has added a message of relief to the foreign exchange reserves and the overall economy.
