United News of Bangladesh

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!

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.  

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    

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 

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

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  

Bangladesh received US $1.15 billion remittance in  the first 14 days of June 2025, a slowdown of 30.1 percent year-on-year. Despite this slide, Bangladesh’s remittance earnings grew by 24.5 percent in the current fiscal year 2024-25. Bangladesh received $28.65 billion remittance so far in the FY2024-25, which was $23.01 billion in the previous FY2023- 24. Remittance inflow stays strong as BD expats send $1.61bn in 17 days of May According to Bangladesh Bank's latest update, the expatriates have sent $1.15 billion remittance in 14 days of June 2025, which was $1.64 billion in June 2024. Last year, Eid-Ul-Azha was celebrated in the third week of June last year. As a result, remittance in that time was 30.1 percent higher. The expatriates sent $27.5 billion remittance in 11 months (July-May) of the current FY2024- 25. 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

Bangladesh has received US $1.61 billion in inward remittances during the first 17 days of May, marking a robust flow of foreign currency from expatriate workers, according to a revised update from Bangladesh Bank. The data shows that remittances during this period averaged $94.70 million per day, significantly higher than the $75.1 million daily average recorded in May 2024. A breakdown of the remittance sources reveals that $493.3 million came through state-owned banks, while two specialised state-owned (agricultural) banks channelled $159.9 million. Private commercial banks facilitated $962.7 million of the total, and foreign banks brought in $313.0 million. Among all banks, Islami Bank registered the highest remittance inflow, receiving $277.8 million. From July 2024 to 17 May 2025—within the current fiscal year FY 2024–25—Bangladesh has received a record $26.14 billion in remittances. This figure surpasses the total of $23.91 billion received during the entire FY 2023–24. Reserves breach $22 bn-mark on back of strong currency, remittances Expatriates have already sent $24.54 billion between July and April of FY 2024–25, which exceeds the previous fiscal year’s full-year figure. Monthly inflows over this ten-month period reflect consistent growth: 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 The steady rise in remittance inflow continues to bolster Bangladesh's foreign exchange reserves and contributes significantly to the national economy, experts said.

Bangladesh’s gross foreign exchange reserves on Tuesday (May 6) stood at $27.44 billion, according to Bangladesh Bank. By the more commonly used and accepted reserve calculation around the world, that excludes "encumbered reserves", the reserve figure is $22.06 billion, after paying different payments and energy bills. It has climbed back up past $22 billion after 7 months. The foreign exchange reserve is gaining stability gradually after the political changeover on August 5, 2024, as trust rebounds in the economy and banking system. In the first 10 months of the current fiscal year 2024-25 (July to April), the total inward remittance is $24.54 billion. In comparison, the remittance inflow during the corresponding period of the previous fiscal year (FY2023- 24) was $19.11 billion. This indicates a growth of 28.3 percent in remittance flow during this time. Analysts believe that this continued momentum in expatriate income, even after Eid-ul-Fitr, brings relief to the country's economy. March already saw a record $3.29 billion in remittances, the highest ever in a single month in the country's history. Dollar rate for remittance soars as banks compete for overdue payments Ahead of Eid-ul-Adha, Bangladesh expected another record of inward remittance. So the reserve and exchange rate of the dollar get stability. At the same time, local currency taka is strengthening gradually. Notably, every month of the current fiscal year (FY2024- 25) has seen remittances exceeding $2 billion, reflecting the trust of migrant workers in formal banking channels. According to Bangladesh Bank, the exchange rate of the US dollar is decreasing against the taka due to reduced pressure to pay import bills. Bankers believe the price may fall further in the coming days. In the last week of April, banks had to pay between Tk 122.50 and Tk 122.60 to purchase remittance. In contrast, even in the second week of April, banks were paying between Tk 123 and Tk 123.20 for the same. This indicates a decrease of Tk0.50 to Tk0.70 in the dollar's price within two weeks in April.

Bangladesh witnessed a notable surge in remittance inflows in April, with expatriates sending US$2.75 billion, marking the second-highest monthly remittance in the country’s history. According to data from Bangladesh Bank, $144 million was received on April 30 alone. The total remittance inflow for the month (April 1–30) reflects a significant 34.6 percent increase compared to the same period last year. In the first 10 months of the current fiscal year 2024–25 (July to April), Bangladesh received a total of $24.54 billion in remittances. By comparison, the inflow during the same period of the previous fiscal year (FY2023–24) was $19.11 billion, showing a 28.3 percent year-on-year growth. Analysts note that the continued strong performance of remittance earnings, even after Eid-ul-Fitr, is a welcome boost to the country’s economy. Bangladesh received $2.61 billion remittance in 29 days of April March recorded an all-time high of $3.29 billion in monthly remittances. Notably, every month of the current fiscal year has seen remittance inflows exceeding $2 billion, underscoring migrant workers' growing confidence in formal banking channels. According to central bank sources, this upward trend is being driven by government incentives, strict enforcement against illegal money transfers (hundi), and the availability of convenient banking services for expatriates. In parallel, a steady exchange rate of Tk 122 per US dollar and positive export growth have also contributed to the encouraging trend. Bangladesh’s gross foreign exchange reserves reached a record high of $48.06 billion in August 2022. But, due to political instability and heavy dollar sales, the reserves declined to $20.39 billion by mid-2024. Since the interim government assumed office, Bangladesh Bank has shifted from selling dollars to purchasing them from the market, which is aiding the recovery of reserves. Economists believe that the ongoing rise in remittance flows will contribute to macroeconomic stability and reduce the country’s reliance on foreign loans. The remittance figures for the first 10 months of FY2024–25 are as follows: April: $2.75 billion March: $3.29 billion February: $2.53 billion January: $2.19 billion December: $2.64 billion November: $2.20 billion October: $2.39 billion September: $2.40 billion August: $2.22 billion July: $1.91 billion