Remittance inflows to Bangladesh jumped 23.7% in the first 17 days of September, reaching $1,770 million, the central bank reported, a clear sign that workers abroad are sending more money home to support families and local spending. This amount is larger than the $1,430 million received in the same period last year and helped raise total remittances from July through September 17 to $6,669 million, up from $5,568 million in the same stretch a year earlier. These payments reach households and small businesses and are often used to pay for food, medicines, school costs and repairs. The money also helps banks and businesses keep needed cash on hand and gives families the power to plan for bills and small investments. Bangladesh Bank data shows how important these flows can be for daily life and for steadying the wider economy. Reliable remittance income makes it easier for people to cover costs when prices change and can lower pressure on the budget for short term support. Bankers and shopkeepers say steady remittances help keep markets moving because many families buy goods and services with the funds they receive. For exporters and firms that sell to local buyers, steady household demand is a helpful signal when they set production and hire workers. While the central bank releases the figures, community leaders and financial experts note that safe, timely transfer channels are key so money reaches families quickly. Simple steps like improved transfer services, clear rules, and lower fees can help more money arrive at the right time and reduce the cost for senders and receivers. The gains in remittance inflow also give the country more foreign currency to pay for needed items like medicine and fuel, which helps keep basic supplies available. Policymakers and business groups say they welcome this rise because it strengthens a stable source of income for many households and supports local shops, farms and factories. Local charities and community groups also notice the change, as regular transfers mean families can plan small projects like home repairs or new tools for tradespeople. Teachers and health workers in small towns say steady family incomes often translate into steadier school attendance and timely clinic visits. Some small entrepreneurs use part of the remittance money as seed funds to expand a shop or buy stock for busy seasons, which can create more work nearby. Maintaining clear and low cost transfer routes is important because it helps both senders and receivers trust the system and use formal channels rather than costly alternatives. As families and small firms use the money for daily needs and small investments, the boost in remittances can help steady communities and give planners a clearer picture for the months ahead.
