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Monday, 03 November, 2025

Remittances Hit $10 Billion in Bangladesh’s First Four Months of FY

Express Report
  31 Oct 2025, 04:52

The remittance inflow to Bangladesh has surpassed $10 billion in the first four months (July–October) of the 2025-26 fiscal year.

According to information provided on Thursday by Bangladesh Bank’s Assistant Spokesperson Shahriar Siddiqui, the remittance inflow exceeded $10 billion within the first 29 days of October, marking a 14.5 percent increase compared to the same period in FY 2024-25.

In the same period last fiscal year, total remittance inflow stood at $8.75 billion.

During the first 29 days of October alone, $2.43 billion was remitted through the country’s banking channels, up 10.2 percent from $2.20 billion in October 2024. On October 29 alone, remittance inflow was $93 million.

In September 2025, remittance inflow amounted to $2.68 billion, recording a 12 percent increase over September 2024. In August, remittance reached $2.42 billion, up 9 percent year-on-year. In the first month of the fiscal year, July, remittance inflow was $2.47 billion.

Banking sector officials said robust growth in expatriate earnings has positively impacted the country’s foreign currency reserves, easing pressure on the dollar in the exchange market. Strict government measures against illegal money transfers and incentives to encourage sending earnings through legal channels have played a key role in boosting remittance inflow.

According to the latest Bangladesh Bank data, the country’s gross foreign exchange reserves currently stand at $32.14 billion, while reserves under the IMF’s BPM6 standard have increased to $27.34 billion.

In FY 2024-25, remittance from overseas Bangladeshis hit a record $30.33 billion, up nearly $6.5 billion or 27 percent compared to FY 2023-24.

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Remittances Hit $10 Billion in Bangladesh’s First Four Months of FY

Express Report
  31 Oct 2025, 04:52

The remittance inflow to Bangladesh has surpassed $10 billion in the first four months (July–October) of the 2025-26 fiscal year.

According to information provided on Thursday by Bangladesh Bank’s Assistant Spokesperson Shahriar Siddiqui, the remittance inflow exceeded $10 billion within the first 29 days of October, marking a 14.5 percent increase compared to the same period in FY 2024-25.

In the same period last fiscal year, total remittance inflow stood at $8.75 billion.

During the first 29 days of October alone, $2.43 billion was remitted through the country’s banking channels, up 10.2 percent from $2.20 billion in October 2024. On October 29 alone, remittance inflow was $93 million.

In September 2025, remittance inflow amounted to $2.68 billion, recording a 12 percent increase over September 2024. In August, remittance reached $2.42 billion, up 9 percent year-on-year. In the first month of the fiscal year, July, remittance inflow was $2.47 billion.

Banking sector officials said robust growth in expatriate earnings has positively impacted the country’s foreign currency reserves, easing pressure on the dollar in the exchange market. Strict government measures against illegal money transfers and incentives to encourage sending earnings through legal channels have played a key role in boosting remittance inflow.

According to the latest Bangladesh Bank data, the country’s gross foreign exchange reserves currently stand at $32.14 billion, while reserves under the IMF’s BPM6 standard have increased to $27.34 billion.

In FY 2024-25, remittance from overseas Bangladeshis hit a record $30.33 billion, up nearly $6.5 billion or 27 percent compared to FY 2023-24.

Comments

Tarique Rahman Targets Trillion-Dollar Bangladeshi Economy by 2034
Gold Price Drops Below Tk 2 Lakh per Bhori After Fourth Consecutive Cut
Economists Warn Bank Merger May Not Solve Sector’s Deep-Seated Issues
BNP Pledges to Safeguard Full Independence of Bangladesh Bank: Khosru
Gold Prices Drop Again Within 24 Hours