In August, expatriates sent $2.22 bn

TDS Desk:

Bangladesh witnessed a surge in remittance inflow with earnings soaring to $2.4 billion in September, which is an 80.2% year-on-year growth, according to the central bank data released on Tuesday.

In September 2023, it was $1.3 billion.

Since the Sheikh Hasina government fell on 5 August, the country has seen a significant increase in remittance inflow.

This rise followed a period of slowed inflows as expatriates, expressing distrust towards the previous government, opted to send funds through unofficial channels.

In July, remittances dipped below $2 billion for the first time in several months, a trend that reversed in August and September with the earnings exceeding this benchmark.

In August, expatriates sent $2.22 billion.