Remittance Surpasses $10b in Four Months of FY 2025-26

Remittance Surpasses $10b in Four Months of FY 2025-26

Bangladesh’s remittance inflow has exceeded $10 billion in the first four months (July–October) of the 2025–26 fiscal year, reflecting steady growth in expatriate earnings and improved compliance with formal banking channels.

According to Bangladesh Bank’s Assistant Spokesperson Shahriar Siddiqui, remittance inflows crossed the $10 billion mark within the first 29 days of October, registering a 14.5 percent rise compared to the same period of the previous fiscal year, when remittance stood at $8.75 billion.

During the first 29 days of October alone, $2.43 billion was remitted through official banking channels — a 10.2 percent increase from $2.20 billion in October 2024. On October 29, daily inflow reached $93 million.

In September 2025, remittance totalled $2.68 billion, up 12 percent year-on-year, while August saw $2.42 billion, marking a 9 percent rise. In July, the first month of the current fiscal year, inflows reached $2.47 billion.

Banking sector officials attributed the robust performance to stronger expatriate earnings, which have helped stabilise the country’s foreign exchange reserves and reduce pressure on the dollar. Government initiatives to curb illegal money transfers and incentives for sending remittances through legal channels have also contributed to the upward trend.

As per the latest Bangladesh Bank data, the country’s gross foreign exchange reserves stand at $32.14 billion, with reserves under the IMF’s BPM6 standard rising to $27.34 billion.

In the 2024–25 fiscal year, remittance from overseas Bangladeshis reached a record $30.33 billion — an increase of nearly $6.5 billion or 27 percent from the previous year.