Expatriate Income

Expatriate income on positive trend at the beginning of new year

In the first six days of the first month of the new year, 408.3 million dollars came. In Bangladeshi currency (at 1 USD = Tk 107), the amount is about Tk 4,369 crore. So far this month, an average of USD 6 crore 80 lakh or Tk 728 crore has come every day. If this trend continues, the remittance will exceed 210 crore dollars or Tk 22,555 crore in the whole month.

According to the data of the central bank, on the 6th day of this January, a total of 408.38 million or 40 crore 83 lakh dollars in remittances have arrived in the country through banking channels. Most of these came through Islamic Bank. USD 95.26 million or 9 crore 52 lakh in remittance came through this private bank. It is followed by Al-Arafah Bank (USD 29.32 million),  and Agrani Bank (USD 25.79 million). But so far no remittance has come through BDBL, Bengal Commercial Bank, Community Bank, Specialized Rajshahi Agricultural Development Bank, Foreign City Bank (NA), Habib Bank, National Bank of Pakistan, and State Bank of India.

In the first two months (July and August) of the current fiscal year 2022-2023, two billion dollars of remittances came to the country. After that, remittances remained around one and a half billion dollars for four consecutive months from September. In the first month of the current financial year, 209 crore 63 lakh dollars came in July, 203 crore 69 lakh dollars came in August. In the following month, 153 crore 96 lakh dollars came in September, 152 crore 55 lakh dollars came in October, 159 crore 47 lakh dollars in November, and in the recently departed December, about 170 crore dollars were sent by Bangladeshis living in different countries.