Remittance rises 17.7pc to $35.07bn in FY26

Bangladesh received US$35.07 billion in remittances during the first 359 days of fiscal year (FY) 2025-26, marking a robust 17.7 percent growth compared with the corresponding period of the previous fiscal year.

According to the latest data from Bangladesh Bank, expatriate Bangladeshis sent home $35.069 billion between July 1, 2025 and June 24, 2026, up from $29.792 billion received during the same period of FY2024-25.

The strong growth in remittance inflows underscores the continued contribution of overseas Bangladeshis to the country’s economy and foreign exchange reserves.

On Wednesday alone, the country received $74 million in remittances. During the first 24 days of June, remittance inflows stood at $2.312 billion, slightly higher than the $2.285 billion received during the corresponding period of June 2025, registering a 1.2 percent year-on-year growth.

The steady rise in remittance earnings throughout the fiscal year has provided significant support to Bangladesh’s external sector, helping strengthen foreign currency reserves and facilitate import payments.

Economists and policymakers view the sustained growth in remittance inflows as a positive indicator for macroeconomic stability, reflecting increased use of formal banking channels by expatriate workers and continued resilience in overseas employment markets.

The FY2025-26 remittance performance is expected to set a new record for Bangladesh, with a few days still remaining before the close of the fiscal year.