The country has witnessed a significant surge in remittance inflows, as Bangladeshi expatriates living in different countries sent home US$1.21 billion in the first 11 days of April.
According to the latest data of Bangladesh Bank (BB), the figure represents an 18.4% growth compared to the same period last year, when the country received $1.02 billion in remittance.
In the current fiscal year (FY2025-26), the cumulative remittance inflow from July to April 11 has reached $27.42 billion, marking a substantial 20.02% increase from the $22.84 billion recorded during the corresponding period last year.
Analysts and central bank officials attribute this "unusual" and robust growth to several key factors, including a stabilised dollar exchange rate and rising income levels for expatriates in developed economies among other factors.
Officials from the Ministry of Finance and Bangladesh Bank expressed optimism regarding the trend. They noted that the consistent increase in expatriate income will play a vital role in mitigating foreign exchange shortages and maintaining a stable exchange rate for the national economy.