Bangladeshi expatriates have sent inward US$1.07 billion in remittances in the first 12 days of July, the first month of the current fiscal year 2025-26.
Arif Hossain Khan, Executive Director and Spokesperson for the Bangladesh Bank, has provided the figures.
According to central bank data, the $1.07 billion received in the first 12 days of July marks a significant increase compared to the same period last year.
In the first 12 days of July 2024, remittances stood at $948 million, showing an increase of $123 million, year-on-year.
Remittance hits record $30.32 billion in FY2024-25
This strong start to the new fiscal year follows a robust performance in June, the final month of the recently concluded 2024-25 fiscal year.
In June, expatriate Bangladeshis remitted nearly $2.82 billion through banking channels. On average, the country received $94 million in remittances daily during June.