Remittance inflow to Bangladesh grew 12 percent year-on-year to $2.68 billion in September.
The increase in the third month of the current fiscal year has been attributed to a narrowing gap between official and informal exchange rates and a crackdown on money laundering, industry insiders said.
September's inflow was 11 percent higher than that of August's $2.42 billion, according to Bangladesh Bank data.
In the July-September period of this fiscal year, remittance earnings stood at $7.58 billion, up from $7.02 billion in the same period of the previous fiscal year, the data showed.
Last month, Islami Bank Bangladesh received the highest remittance of $699 million, followed by Bangladesh Krishi Bank with $258 million, Janata Bank with $170 million, and BRAC Bank with $160 million.
A BB official said that an increased number of Bangladeshi expatriates are currently sending money through formal channels.
In the 2024-25 fiscal year, remittance flow crossed $30 billion for the first time and rose by a record $6.4 billion.
FP/MI
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