According to the data, the inflow of remittances from Bangladeshis increased by more than 30 per cent year on year to 8.94 billion dollars in July-October of the 2024-25 fiscal year, reports Xinhua news agency.

The data shows that remittance, one of the key sources of foreign exchange for the impoverished nation, surged over 21 per cent year-on-year to 2,395.08 million dollars in October.

The remittance was 2,404.11 million dollars in September. Bangladesh's remittances grew 10 per cent year-on-year to 23.91 billion dollars in fiscal 2023-24, with the receipts last June standing at 2.54 billion dollars.

Remittance mainly comes from Middle Eastern countries, such as the United Arab Emirates, Saudi Arabia and Kuwait.