Remittance
Bangladesh’s forex reserves surge past $34 billion driven by remittance boom
Bangladesh’s foreign exchange reserves have hit a new milestone, crossing $34 billion mark as of Monday (February 9).
This growth is largely attributed to a sustained surge in inward remittances and strategic stability in the foreign exchange market.
Arif Hossain Khan, Executive Director and Spokesperson of Bangladesh Bank, confirmed that by the close of business on Monday, gross reserves stood at $34.06 billion. Under the IMF’s BPM6 calculation method, the reserves are valued at approximately $29.48 billion.
The reserves have shown consistent growth over the past month:
February 9: $34.06 billion (BPM6: $29.48 billion)
February 2: $33.25 billion (BPM6: $28.75B)
January 15: $32.32 billion (BPM6: $28.03 billion)
Expatriates remit Tk 200bn via bKash in 2025
While reserves peaked at an all-time high of $48 billion in August 2021, they faced a sharp decline due to money laundering and economic instability, falling to $20.48 billion at the time of the previous government’s fall.
The current recovery marks a significant turnaround for the nation’s economy.
The "remittance windfall" continues to be the backbone of this recovery. Following a strong December, expatriates sent over $3 billion in January alone. This momentum has carried into February, with $1.03 billion arriving in the first eight days—a significant jump from the $ 54 percent received during the same period last year.
Central bank sources indicate that the current leadership has managed to stabilize the exchange rate at approximately Tk122 per US dollar. Notably, the new governor has not sold a single dollar from the reserves since taking office, allowing the stockpile to grow organically.
2 days ago
Expatriates remit Tk 200bn via bKash in 2025
Expatriates sent Tk 200 billion in remittances to the bKash accounts of their loved ones in Bangladesh in 2025.
A total of 4.1 million bKash accounts received these remittances, almost double the number recorded in the previous year, according to a company handout.
“With the assurance of sending money safely through formal channels, along with a convenient and instant transfer experience, bKash continues to strengthen its position as a trusted platform for both remittance senders and receivers,” the handout said.
Read More: Bangladesh sees remittance surge to $2.71 billion in January
Expatriates sent a record amount of remittance to Bangladesh in 2025 - equivalent to nearly USD 33 billion, which is 22 percent higher than 2024. Meanwhile, remittance sent through MFS channels saw more than 90 percent growth during the same period.
The use of MFS channels like bKash for sending remittances has grown significantly due to their ease of use and instant transfer capability.
Currently, expatriates can directly send remittances to their loved ones’ bKash account through 135 international MTOs from over 170 countries around the world that get settled at 27 top commercial banks in the country. Additionally, they are receiving a government incentive of Tk 25 per thousand.
Read More: Remittances surpass $2bn in 18 days of Jan; another $3bn-month within sight!
To make remittance tracking easier and more convenient, the bKash app now includes a “Remittance Statement” feature. This allows recipients to review their remittance history and download detailed statements whenever needed, which is also helpful for filing income tax returns.
Customers can cash out their remittance from nearby agent points as well as from over 2,500 ATMs across the country. At ATMs, recipients can withdraw money at a cost of only Tk 7 per thousand.
Besides, recipients of remittance can now open DPS accounts in four banks and one financial institution directly from the bKash app.
They can also use their received remittance for various transactions, including utility bill payments, educational institution fees, and shopping payments.
14 days ago
Bangladesh sees remittance surge to $2.71 billion in January
Remittance inflows to Bangladesh have surged in January, reaching $2.71 billion in the first 26 days of the month, data from Bangladesh Bank show.
According to Arif Hossain Khan, spokesperson for the central bank, the country received an average of $104.2 million per day during this period.
The figures mark a significant jump from the same period last year, when Bangladesh received $1.79 billion in remittances. The growth underscores a notable increase in expatriate income sent through formal channels.
On January 26 alone, expatriates remitted $88 million, Arif noted. For the current fiscal year 2025-26 (July 2025–Jan 26, 2026), total remittances have reached $18.97 billion, reflecting a 21.9% year-on-year increase.
Bangladesh’s remittance soars 56.3% in first 17 days of January
The January surge builds on a record-breaking December 2025, when $3.23 billion flowed into the country, the highest monthly total of the current fiscal year and the second-highest monthly remittance in history.
Monthly remittance inflows for FY 2025-26 are as follows:
· December: $3.23 billion (highest in FY)
· November: $2.89 billion
· October: $2.56 billion
· September: $2.69 billion
· August: $2.42 billion
· July: $2.47 billion
This upward trend continues the momentum of FY 2024-25, which set a record with $30.32 billion in total remittances.
Bangladesh remittance hits record $17.17 billion in 6 months as inflow surges
Economic analysts say the sustained growth in formal channel transfers is providing a vital boost to Bangladesh’s foreign exchange reserves and supporting overall macroeconomic stability.
15 days ago
Bangladesh’s remittance soars 56.3% in first 17 days of January
The upward trend in inward remittances continued and 56.3 percent growth in January, with receiving over US $1.86 billion in 17 days of the month.
Bangladesh received $18.12 billion in inward remittances from July to January 17, 2026, in the current fiscal year FY 2025-26. It was 14.96 billion in the same period of the previous FY2024-25, and saw a growth of 21.1 percent.
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Blessed by strong remittances, Bangladesh’s gross forex reserves have surpassed $33 billion, up from $29 billion under the IMF’s BPM6 standard.
Arif Hossain Khan, Executive Director and spokesperson of Bangladesh Bank, said the expatriates have sent $1.86 billion in the first 17 days of January 2026, which was $1.19 million in the same period of January 2025. It means the remittance earnings grew by 56.3 percent in this time.
The growth is attributed to several factors, including incentives offered for sending money through legal banking channels, increased encouragement for using the formal system, and the active role of exchange houses.
In FY2025-26, Bangladesh received $2.47 billion in remittances in July, $2.42 billion in August, $2.68 billion in September, $2.56 billion in October, $2.88 billion in November, and $3.22 billion in December.
Read more: NBR launches automated system easing compliance for importers
This data revealed that the average inward remittance flow was over $2.42 billion in the last six months. This robust flow of remittance influences Bangladeshi policymakers to discourage lending from the IMF with tough conditions.
24 days ago
Remittance inflow exceeds $632 million in first six days of December
The upward trend in remittances sent by expatriate Bangladeshis has continued into December, with the country receiving approximately US $632 million in the first six days of the month.
According to the latest update from Bangladesh Bank (BB), the $632 million remittance figure for December 1-6 is an increase of approximately $38 million compared to the same period last year. In December of the previous year (2024), the country received around $594 million in the first six days.
Read more: Expats send remittance over 5m times to bKash via Pubali Bank in 10-month
The growth is attributed to several factors, including incentives offered for sending money through legal banking channels, increased encouragement for using the formal system, and the active role of exchange houses.
Remittance inflow has shown robust growth throughout the current fiscal year (FY 2025-26). From July 1 to December 6, 2025, the total remittance inflow reached $13.67 billion. This represents an increase of $1.939 billion compared to the same period in the previous fiscal year (FY 2024-25), when the total stood at $11.732 billion. The year-on-year growth rate for the fiscal year to date is 16.5 percent.
Read more: Bangladesh losing grip on Middle East remittance lifeline!
2 months ago
Bangladesh received $1.70 billion in remittances in 21 days of July
Bangladeshi expatriates have sent inward US$1.7 billion in remittances in the first 21 days of July, the first month of the new fiscal 2025-26.
Arif Hossain Khan, Executive Director and Spokesperson for the Bangladesh Bank, confirmed these figures on Tuesday night.
Remittance hits record $30.32 billion in FY2024-25
According to central bank data, the expatriates sent $1.43 billion in the same period of the previous fiscal year (FY2024-25). It means inward remittance flow has increased by 18.6 percent in 21 days of July, having sent $266 million more remittance in July of FY2025-26, compared to the previous FY2024-25.
The expatriates sent $30.32 billion remittance in FY 2024-25, which is the highest ever.
6 months ago
Remittance hits record $30.32 billion in FY2024-25
Expatriates sent a record US$30.32 billion in remittances in the just-concluded 2024-25 fiscal year, marking a 26.8 percent year-on-year increase from the US$23.9 billion received in FY2023-24.
According to the latest data from Bangladesh Bank, the historic amount was received between July 2024 and June 2025, making it the highest annual remittance inflow in the country’s history.
In June 2025 alone, the remittance inflow stood at US$2.81 billion, an 11 percent rise compared to US$2.53 billion in June 2024.
The highest single-month remittance in FY2024-25 was recorded in March, when inflows surged past the US$3 billion mark, driven by Eid-ul-Fitr-related transfers.
Bangladesh received $2.7 billion remittances in 29 days of June
This not only marked the peak for the fiscal year but also set a new monthly record for Bangladesh.
Banking sector insiders attributed the surge to a growing preference among expatriates for using formal banking channels over informal ones such as hundi.
They believe the positive trend will help ease pressure on the country’s foreign exchange reserves and support import payments.
The inward remittance flow throughout FY2024-25 was as follows:
June: US$2.81 billion
May: US$2.97 billion
April: US$2.75 billion
March: US$3.29 billion
February: US$2.53 billion
January: US$2.19 billion
December: US$2.64 billion
November: US$2.20 billion
October: US$2.39 billion
September: US$2.40 billion
August: US$2.22 billion
July: US$1.91 billion
7 months ago
Bangladesh received $2.7 billion remittances in 29 days of June
Expatriates sent US$2.7 billion in remittances during the first 29 days of June, pushing Bangladesh’s total remittance earnings to $30.21 billion so far this fiscal year.
Blessed by strong remittance inflows and foreign aid, Bangladesh’s gross foreign exchange reserves rose to $31.68 billion on June 30, though the BPM6-compliant figure stood at $26.66 billion on the same day.
According to the Bangladesh Bank's latest update, June 01-29 in 2024, expatriates sent $2.37 billion remittance.
Accordingly, Bangladesh remittance earnings saw a growth by 14.1 percent year-on-year.
Remittance crosses $30bn on June 28, setting new record
July-June 29, of the previous fiscal year, FY2023-24, Bangladesh received $23.74 billion remittance. Compared to this, while at the same time of FY2024-25, remittance earnings reached $30.21 billion. Compared to this, remittance earnings saw a growth of 27.2 percent.
The inward remittance flow in the FY2024-25 is as follows:
· June (1-29) 2.7 billion
· May $2.97 billion
· April: $2.75 billion
· March: $3.29 billion
· February: $2.53 billion.
· January: $2.19 billion
· December: $2.64 billion
· November $2.2 billion
· October: $2.39 billion
· September: $2.4 billion
· August: $2.22 billion
· In July: $ 1.91 billion
7 months ago
Remittance crosses $30bn on June 28, setting new record
Bangladesh reached a historic milestone on June 28, with remittance inflows surpassing US$30 billion, breaking all previous records.
According to the Bangladesh Bank, from July 1, 2024, to June 28, 2025, the expatriates sent $30.04 billion remittance. In the previous FY2023- 24, the expatriates sent 23.28 billion in remittances.
Accordingly, inward remittance grew by 26.5 percent in the current fiscal year FY2024-25.
The expatriates sent $2.53 billion remittance in 28 days of the current month (June), which was $2.37 billion in the previous year. In the FY2024-25, the remittance crossed $30 billion remaining two days of the fiscal year.
Earlier this month, Bangladesh Bank Governor Dr Ahsan H Mansur expressed satisfaction over the flow of remittance earning.
Record $29.5 billion remittance boosts Bangladesh in FY2024–25
He then claimed that remittance inflow will reach $30 billion in the FY2024- 25, as people's trust in the country’s financial system is restored.
The expatriates sent $27.5 billion remittance in 11 months (July-May) of the current FY2024- 25. Except for July 2024, the remittance crossed $2 billion so far. The scenery of 11 months remittance is as follows-
May $2.97 billion
April: $2.75 billion
March: $3.29 billion
February: $2.53 billion.
January: $2.19 billion
December: $2.64 billion
November $2.2 billion
October: $2.39 billion
September: $2.4 billion
August: $2.22 billion
In July: $ 1.91 billion
7 months ago
Record $29.5 billion remittance boosts Bangladesh in FY2024–25
Bangladesh has received a record-high inward remittance of $29.5 billion so far in the current fiscal year (2024–25), marking the highest amount ever recorded in a single fiscal year.
According to the Bangladesh Bank, from July 1, 2024, to June 21, 2025, the expatriates sent $29.5 billion remittance.
In FY2023–24, inward remittance grew by 26.7 percent to reach $23.28 billion.
The expatriates sent $1.98 billion remittance in 21 days of the current month --June.
Earlier this month, Central bank Governor Dr Ahsan H Mansur expressed satisfaction over the flow of remittance earning.
Bangladesh’s remittance growth almost 25 percent in outgoing fiscal
He then claimed that remittance will be reached at $30 billion in the FY2024- 25, as people's trust in the country’s financial system is restored.
The expatriates sent $27.5 billion remittance in 11 months (July-May) of the current FY2024- 25. Except for July 2024, the remittance crossed $2 billion so far. The scenery of 11 months remittance is as follows-
May $2.97 billion
April: $2.75 billion
March: $3.29 billion
February: $2.53 billion.
January: $2.19 billion
December: $2.64 billion
November $2.2 billion
October: $2.39 billion
September: $2.4 billion
August: $2.22 billion
July: $ 1.91 billion
7 months ago