Remittance reaches $3.29b in March

Staff Reporter :

Foreign currency reserves in Bangladesh have surpassed the US$25.6 billion mark by the end of March, driven by a record inflow of remittances during the month. According to data released by Bangladesh Bank (BB) on Sunday, the country’s gross reserves now stand at $25.63 billion.

However, according to the methodology of the International Monetary Fund (IMF) under the Balance of Payments and International Investment Position Manual (BPM6), Bangladesh’s net reserves are currently $20.46 billion.

The surge in reserves follows a significant rise in remittance inflows, which totalled $3.29 billion in March-the highest monthly remittance figure in the country’s history. This represents a 64 percent year-on-year
increase, as Bangladesh had received $1.99 billion in remittances during the same period last year, according to data from Bangladesh Bank.

In February 2025, Bangladesh received $2.53 billion in remittances, making it the fourth-highest monthly inflow in the country’s history. The previous record was set in December 2024, with an inflow of $2.64 billion. Other notable months include July 2020, which saw $2.59 billion, and June 2024, with $2.54 billion, according to central bank data.

From July 2024 to March 2025 of the current financial year, expatriates sent $21.78 billion through official channels, marking a 27.6 percent year-on-year increase from $17.07 billion during the same period the previous year.