Bangladesh received $2.18 billion in remittances from expatriates in January, marking a decline of $450 million compared to the record $2.63 billion received in December.
This translates to an average daily inflow of $70.5 million, according to the latest report published by Bangladesh Bank on Sunday (2 February).
Since the political transition on 5 August, monthly remittance inflows have consistently exceeded $2 billion, with December’s figures surpassing the previous record of $2.59 billion set in July of the previous year.
Breakdowns of the remittance inflows show that state-owned banks facilitated $511.13 million in transfers, while specialised banks handled $116.04 million.
Private banks accounted for the majority, processing $1.55 billion, whereas foreign commercial banks handled $64.9 million.
During the last week of January (26–31), expatriates sent $509.26 million home, while remittance inflows during 19–25 January amounted to $469.09 million.
In the preceding week (12–18 January), remittances stood at $400.27 million.
Between 5–11 January, Bangladesh received $509.88 million in remittances, while expatriates sent $226.73 million during the first four days of the year.
In comparison, January 2023 saw remittance inflows of $2.11 billion, indicating a slight year-on-year increase.
