Remittances sent by expatriate Bangladeshis have exceeded $25 billion in the first ten months plus a week of the current fiscal year, surpassing the previous high of $24.77 billion set in 2020–21 before the year ended.
Data from Bangladesh Bank show that between July 1, 2024 and May 7, 2025, inward remittances reached $25.27 billion—up from $19.72 billion during the same period last year. Bankers attribute this surge to a crackdown on informal “hundi” channels, more attractive rates through official banking routes, as well as the continued 2.5 percent incentive for senders.
March—the Eid month—saw a record inflow of nearly $3.30 billion, followed by over $2.75 billion in April. In the first seven days of May alone, expatriates remitted $601 million. These inflows have helped ease the dollar crunch that banks faced earlier in the year.
Monthly remittances have climbed steadily since August 2024, following the fall of the previous government. Figures include $2.22 billion in August, $2.40 billion in September, $2.40 billion in October, $2.20 billion in November, $2.64 billion in December, $2.19 billion in January, and $2.53 billion in February.
Banking insiders note that with higher returns on bank transfers than informal channels, expatriates are increasingly choosing legitimate routes despite the risks and costs. They warn that maintaining this momentum will be key to further stabilising foreign exchange reserves and supporting the economy.
LND/BG
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