Bangladesh has witnessed surge in remittance inflows during the first fortnight of November, with expatriates sending home USD 134 crore 60 lakh, equivalent to TK 16,421 crore 20 lakh at the current exchange rate of TK 122 per dollar.

The figures represent a remarkable 39.60 percent increase compared to the same period last year, when remittances stood at just USD 96 crore 40 lakh. Bangladesh Bank spokesperson Arif Hossain Khan confirmed the statistics on Thursday (November 13).

Wednesday (November 12) alone saw a single-day inflow of USD 1,403 crore, highlighting the sustained momentum in foreign currency transfers from Bangladeshi workers abroad. The steady stream of remittances has provided crucial support to the country's foreign exchange reserves and overall economic stability.

Looking at the broader picture, the upward trend has been consistent throughout the fiscal year. Between 1 July and 12 November this year, Bangladesh received 11.495 billion dollars in remittances, compared to 9.902 billion dollars during the corresponding period last year.

Financial analysts attribute the sharp rise to several factors, including improved banking channels, competitive exchange rates, and enhanced government initiatives to encourage formal remittance transfers. The surge comes as welcome news for policymakers grappling with economic challenges and provides a cushion for the country's import bills.

The remittance boom also reflects the continued commitment of millions of Bangladeshi workers overseas who regularly send money back to support their families and contribute to the nation's economic development.