Inflow stays elevated for the third straight month since Hasina's fall
Overseas migrant workers sent $2.39 billion in remittance last month, nearly 21.32% more than what they sent in the same month last year – as the fall of dictator Sheikh Hasina encouraged strong inflows for the third straight month
In October 2023, a $1.97 billion remittance inflow was recorded.
Central bank sources claimed expatriate workers are increasingly gaining confidence in legal channels over hundi mechanisms, and this among other reasons is contributing to a rise in remittances since 5 August.
