Expatriates send $2.08B remittance in 27 days of August

Business Report :

Bangladesh continues to experience steady growth in remittance inflows, reflecting the resilience and contribution of its expatriate workforce.

In the first 27 days of August 2025, expatriates sent home $2.08 billion, compared to $1.97 billion during the same period last year. This marks a 5.9 per cent year-on-year growth in inward remittances.

For the current fiscal year 2025-26, which began in July, Bangladesh has so far received $4.56 billion in remittances up to August 27.

This is a significant jump from $3.88 billion recorded during the same period of the previous fiscal year, translating into a 17.5 per cent increase.

July alone witnessed a historic milestone, with expatriates sending $2.48 billion-the highest single-month inflow recorded at the start of any fiscal year.

The rising remittance earnings have also strengthened Bangladesh’s foreign exchange position.

Gross reserves now stand at around $31 billion, while reserves calculated under the IMF’s Balance of Payments and International Investment Position Manual (BPM6) standard remain above $26 billion.

This cushion is particularly important for maintaining import payments stability and easing pressure on the balance of payments.

The latest trends build on remarkable growth achieved in the previous fiscal year (FY2024-25), when Bangladesh registered an all-time high of $30.33 billion in remittances.

This represented a robust 27 per cent increase over FY2023-24, when inflows totaled $23.74 billion.

Such consistent improvement highlights both the increasing reliance of families on foreign earnings and the success of policy measures-such as incentives on remittance transfers through formal banking channels-introduced by the government and central bank to curb informal hundi transactions.

Overall, the upward trajectory of remittance inflows reflects the unwavering support of Bangladeshi migrants to the national economy, contributing not only to household incomes but also to the country’s macroeconomic stability.