Expatriates sent US$1.26 billion in remittances to Bangladesh in the first 16 days of August, according to the latest data from Bangladesh Bank.
With this, the total remittance inflows in the current fiscal year 2025–26 (from July to August 16) have reached $3.74 billion.
The steady inflow of remittances has boosted the country’s gross foreign exchange reserves, which climbed to $30.81 billion on Sunday, up from $25.81 billion, as measured under the IMF’s BPM6 standard.
During the same period last year, remittances stood at $1.11 billion, marking a year-on-year rise of $152 million or 13.7 percent growth compared to the first 16 days of FY2024–25.
In July alone, the first month of FY2025–26, remittances hit a record $2.48 billion.
The central bank report also shows a strong year-on-year growth of 23.7 percent for July to August 16 of FY2025–26, compared to the same period in FY2024–25.
The last fiscal year (FY2024–25) witnessed a historic milestone as remittance inflows reached $30.33 billion, a 27 percent jump from the $23.74 billion recorded in FY2023–24.
This set a new all-time high amount for a single fiscal year.