Dhaka, Oct. 12 -- Bangladesh received $988 million in remittances through formal banking channels in the first 11 days of October, marking a 3.5% rise compared to the same period last year.

According to Bangladesh Bank data, remittance inflow during the corresponding period of October last year stood at $954 million- $34 million lower than this year's figure.

Between October 9 and 11 alone, expatriates sent home $183 million, while on October 8, remittance inflow stood at $112 million.

Since the beginning of the current fiscal year (July-October 11), total remittances reached $8.57 billion, up from $7.49 billion during the same period last year - a year-on-year increase of 14.4%.

Meanwhile, along with the rise in remittance inflow, th...