# Bangladesh Remittance Jumps to $2.3B in October After Government Change

> After the previous government stepped down, Bangladesh’s remittance inflow has continued to rise, reaching $2.3 billion in October 2024—a 16.75% increase compared to $1.97 billion in October 2023. Hosne Ara Shikha, Exec…

Published: 2024-11-03 · Desk: Latest · Source: Dhaka Tribune

After the previous government stepped down, Bangladesh’s remittance inflow has continued to rise, reaching $2.3 billion in October 2024—a 16.75% increase compared to $1.97 billion in October 2023. Hosne Ara Shikha, Executive Director and Spokesperson for Bangladesh Bank, shared this data with the media.

In September, remittances reached $2.4 billion, and as of October 30, foreign exchange reserves stood at $19.87 billion, reported according to BPM6 standards.

During the first 19 days of October alone, remittances brought in over $1.5 billion. Bangladesh recorded its highest monthly inflow in nearly four years in June, with $2.54 billion, driven by a surge that began in April, as monthly inflows exceeded $2 billion through June, especially around Eid seasons.

Original reporting: https://www.dhakatribune.com/amp/business/364006/remittance-inflow-hits-2.3bn-in-oct?fbclid=IwY2xjawGUQhlleHRuA2FlbQIxMAABHQyedI20Wc6OK5xfgo91Ka_C-6Tn7TY_-j1gQ3xe0BadwPpMOeMwmj_qAw_aem_kGQf4YGDYarKlgtbMyHEBg
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