Amid strong financial support from expatriates, Bangladesh continued to receive $2.27 billion in remittances in the first 26 days of April.
According to the latest report from Bangladesh Bank, the inflow of remittances for the first 26 days of April comprises $853.8 million through state-owned banks, $119.4 million through a specialized bank, $1.29 billion via private banks, and $427 million through foreign banks.
Before Eid, expatriates had already sent a record-breaking $3.29 billion in remittances in March, reflecting both the festive season's influence and the increasing trend of Bangladeshi workers sending money home.
The consistent flow of remittances has played a pivotal role in stabilizing the country's foreign exchange reserves, taking the country's Forex reserves to around $27 billion, a figure considered to be impactful on the nation's financial health.
In the first nine months of the current FY25, Bangladesh has already received a total of $21.77 billion in remittances, a significant increase compared to the $17.07 billion remitted during the same period last FY24.
The trend indicates that remittances continue to be a key driver for the country's foreign currency reserves.
Looking at the trends from earlier in the year, remittances have been consistent.
In March, expatriates sent $3.29 billion, while February saw $2.53 billion, and January had $2.19 billion.
The previous months also saw substantial remittance inflows, with December reaching $2.64 billion, November at $2.2 billion, and October at $2.39 billion.
