Bangladesh recorded a sharp rise in inward remittances ahead of Eid-ul-Azha, with inflows increasing by 41.31 percent in the first 23 days of May 2026 compared to the same period last year, according to the latest data from Bangladesh Bank.
Expatriate Bangladeshis sent home US$2.97 billion between May 1 and 23, significantly higher than the US$2.10 billion received during the corresponding period in May 2025.
On May 23 alone, remittance inflows through banking channels stood at US$173.64 million, according to latest data of Bangladesh Bank.
The latest surge has pushed the country’s total remittance earnings in the current fiscal year (FY2025–26) to a record high.
From July 2025 to May 23, 2026, Bangladesh received US$32.3 billion in remittances, registering a 21.26 percent growth over the same period of the previous fiscal year. During July 2024 to May 23, 2025, the country received US$26.64 billion.
Central bank officials and financial analysts attributed the strong growth to improved digital banking services, increased remittance flows ahead of Eid-ul-Azha, and competitive exchange rates offered by commercial banks.
They said the continued rise in remittance inflows is providing crucial support to the country’s foreign exchange reserves and helping maintain macroeconomic stability amid ongoing global economic uncertainties.