The remittance inflows to Bangladesh have begun to rise, with a total of $482.77 million sent to the country in the first ten days of August.
Notably, from 7 to 10 August, $387.12 million was received, as revealed by the latest report from the Bangladesh Bank on Monday (12 August).
The remittance flow had significantly decreased during the four days preceding and the day following the 5 August ousting of the Sheikh Hasina government, amounting to only $95.65 million over six days.
However, from 7 to 10 August, $387.12 million was remitted, despite two of those days being weekends.
Experts have pointed out that the remittance flow had declined in the previous month due to the quota reform movement, internet shutdowns, and ensuing conflicts, leading to a remittance shutdown by expatriates.
This trend continued into the first week of August, but the fall of the government has since spurred a resurgence in remittance inflows.
Furthermore, in July, the combination of student protests and the post-Qurbani period contributed to a substantial decline in remittances, with only $1.90 billion received—marking the lowest inflow in the past ten months.
