Bangladesh received $988 million in remittances through formal banking channels during the first 11 days of October, marking a 3.5% increase compared to the same period last year, according to Bangladesh Bank data.

In the corresponding period of October 2024, remittances stood at $954 million. Between October 9 and 11 alone, expatriates sent $183 million home, while October 8 saw $112 million in inflows.

Since the start of the current fiscal year (July–October 11), total remittances reached $8.57 billion, up from $7.49 billion in the same period last year—a year-on-year rise of 14.4%.

Alongside remittance growth, Bangladesh’s foreign exchange reserves have also strengthened. As of October 9, gross reserves stood at $31.93 billion, with usable reserves under the IMF’s BPM6 method at $27.12 billion.