US tops in remittance inflows to Bangladesh for 3 months: Cenbank
The data shows that approximately $1.4 billion in remittances came from the US during this period
The United States (US) has emerged as the top country for sending remittances to Bangladesh for three consecutive months, the central bank said today.
Following the political changeover in August, remittance inflows from the US have seen a significant rise, enabling the US to surpass the United Arab Emirates (UAE), which had long been the leading source of expatriate income.
The Bangladesh Bank today published a detailed report on expatriate income for the three-month period from September to November of the fiscal year 2024-25.
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The data shows that approximately $1.4 billion in remittances came from the US during this period.
The UAE, which ranked second, contributed $990 million in remittances between September and November.
The top 10 countries for sending remittances to Bangladesh are Saudi Arabia, Malaysia, the United Kingdom, Kuwait, Italy, Oman, Qatar and Singapore, in that order.
According to the central bank data, remittances from the US totaled $293.4 million in August, rising to nearly $390 million in September—a more than 34 percent increase.
The inflow continued to grow, reaching $500 million in October, a further 28% increase compared to September. In November, remittance income from the US peaked at $511.9 million.
