Bangladesh receives $2.61b in remittances in just 29 days of April

In a strong show of continued support from Bangladesh's expatriates, the country recorded a $2.61 billion in remittance inflows during the first 29 days of April, according to the latest Bangladesh Bank data.

Remittance inflows remain robust even after the Eid festivities, highlighting the vital contribution of migrant workers to the country's economic stability.

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 stabilising 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 fiscal year (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 fiscal year (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.