In the just-ended month of November, there was a new surge in remittances sent by expatriates. In the last one month, 288.95 million US dollars, or about 3.5 billion dollars, came into the country. In Taka, which is about 35,252 crore (at the rate of 122 Taka per dollar).

This information was revealed in an updated report published by Bangladesh Bank on Monday (December 1).

According to the central bank, remittances have increased by $690 million this year compared to the same month last year, which is about 31 percent more than the $2.2 billion that arrived in November.

Bangladesh Bank officials say strict measures to curb hundi, incentives, and efficiency improvements in banking channels have played a significant role in increasing remittance income. This is also having a positive impact on the country's foreign exchange reserves.

Monthly remittance flow in the current fiscal year (July-November)

July: $247.78 million

August: $242.19 million

September: $268.58 million

October: $256.35 million

November: $288.95 million

In the first five months, expatriate income stood at $1,303.43 million (13.03 billion), which is about Tk 1,60,000 crore in Taka.

There was a record flow of remittances in the last fiscal year 2024-25. Then, $30.33 billion came into the country, which is about 27 percent more than the previous fiscal year. In the fiscal year 2023-24, remittances came in at $23.74 billion.

Experts say that this continuous increase in expatriate income is playing a major role in stabilizing the country's overall economy by increasing the supply of dollars.