Remittance inflows in December have exceeded $2.42 billion, reflecting the continued strong flow of funds from expatriates, according to the Bangladesh Bank.
Since the formation of the interim government in August, monthly remittance inflows have consistently surpassed $2 billion.
However, in just four weeks of December, remittances totalled $2.421 billion, significantly higher than the $1.911 billion recorded during the same period last year.
Bangladesh Bank data further revealed that $98 million in remittance was received over the past three days, from 26 to 28 December.
From the beginning of the fiscal year in July to Saturday, total remittances amounted to $13.558 billion.
In the first 21 days of December, remittances reached $2.072 billion. During this time, daily inflows averaged $95.582 million, compared to $73.317 million per day in November. In December last year, the average daily remittance inflow stood at $66.375 million.
Experts in the banking sector anticipate that remittances could surpass $2.5 billion this month if the current trend continues.
Since the political transition in August, remittance inflows have strengthened significantly.
In November, remittances reached $2.2 billion, marking a 14% increase from the $1.93 billion recorded in November last year.
October witnessed $2.39 billion in remittance, a 21% rise compared to the same month in 2023. Meanwhile, September and August recorded remittance inflows of $2.4 billion and $2.22 billion, respectively.
The highest monthly remittance this year was $2.54 billion, recorded in June. This figure represented the highest single-month remittance inflow in three years. Previously, the record for the highest monthly inflow was set in July 2020, with $2.59 billion received.
