A historic milestone has been reached in Bangladesh’s remittance inflow, as expatriates sent a total of over 30 billion US dollars in the fiscal year 2024-2025. From July 1, 2024, to June 28, 2025, the total remittance amounted to nearly 35.05 billion dollars, the highest in the country’s history.
According to data from Bangladesh Bank, this year’s remittance figures have surpassed all previous records. The previous highest was during 2020-2021, when remittances reached 24.78 billion dollars, marking a significant peak at that time as well.
Experts attribute this continuous growth to various government measures, incentives, and improvements in banking systems. Stringent steps to curb hundi (illegal remittance channels), increased banking transactions for remittance transfers, and special incentives for expatriates have been key drivers of this trend.
Remittance flow remains steady even after the Eid-ul-Adha festival. In June alone, expatriates sent 254 million dollars, approximately 2,230 billion taka, to the country.
Arif Hossain Khan, spokesperson and executive director of Bangladesh Bank, stated that the remittances coming through banking channels play a crucial role in strengthening the country’s foreign exchange reserves.
Furthermore, in May, expatriates sent 297 million dollars, which is 31.7 percent higher than the same month last year. Analysts believe that if this momentum continues, the sustained inflow of remittances will have a very positive impact on the country’s economy.
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