19.8pc growth of remittance inflow till Feb 4

Business Report :

Inflow of remittances witnessed a year-on-year growth of 19.8 percent reaching $506 million in the first four days of February, according to the latest data of Bangladesh Bank (BB) issued on Thursday.

Last year, during the same period, the country’s remittance inflow was $422 million.

During the July to February 4, 2026 of the current fiscal year, expatriates sent remittances of $19.939 billion, which was $16.384 billion during the same period of the previous fiscal year.

Earlier, in the first month of this year, expatriates sent $3.17 billion to the country which is about 45 percent more than the same period of the previous year.

The increase in remittance flows is reducing pressure on the country’s foreign exchange reserves, providing relief to banks in paying their import liabilities, and creating an opportunity to control volatility in the exchange rate.

In addition, remittances are also helping a lot in controlling inflation and managing the current account deficit.