In the first 22 days of March, Bangladesh received $2.4375 billion in remittances, equivalent to approximately Tk 29,737.50 crore, based on an exchange rate of Tk 122 per US dollar. This translates to an average daily remittance inflow of $110.8 million.

According to the latest Bangladesh Bank report on March 23, remittance inflow has significantly increased compared to previous months. During the same period in February and January, remittances stood at $1.9299 billion and $1.474 billion, respectively. Experts attribute this surge to expatriates sending money home in preparation for Eid, with expectations that March could see record-breaking remittance inflows.

State-owned banks received $527.39 million, specialized banks processed $199.28 million, private banks handled $1.7063 billion, and foreign banks facilitated $4.57 million in remittances during the first 22 days of March.

From March 16 to 22, expatriates sent home $781.47 million, while the preceding week (March 9-15) saw remittances of $841.82 million. The inflow was $784.2 million from March 2-8 and $380 million on March 1 alone.

In comparison, total remittances in February and January stood at $2.5276 billion and $2.1852 billion, respectively. For the entire year of 2024, Bangladesh received $26.8891 billion in remittances. Monthly inflows varied, with $2.1131 billion in January, $2.1646 billion in February, $1.997 billion in March, $2.0442 billion in April, $2.2549 billion in May, $2.5386 billion in June, $1.9137 billion in July, $2.2241 billion in August, $2.4048 billion in September, $2.395 billion in October, $2.1995 billion in November, and a peak of $2.6388 billion in December.