April brings $2.75b in remittances, second highest in a single month
The surge comes after March saw a record-breaking $3.29 billion in remittance inflows
Bangladesh received $2.75 billion in remittances in April, marking a 34.6% year-on-year growth, according to data from the Bangladesh Bank.
This was the second-highest remittance received in a single month after March saw the record-breaking inflow of $3.29 billion, before Eid-ul-Fitr.
In April last year, the country fetched $2.04 billion in remittances.
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The consistent flow of remittances has played a pivotal role in stabilising the country's foreign exchange reserves, taking forex reserves to around $21.97 billion, according to the IMF's "BPM6" – a manual considered to be impactful on nations' financial health.
In the first 10 months of this fiscal, Bangladesh has received a total of $24.57 billion in remittances, up from the $19.12 billion remitted during the same period last fiscal, marking a 28.3% growth in FY25.
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.
Before receiving the record high inflow of $3.29 billion in March, $2.53 billion was remitted in February and $2.19 billion in January.
The previous months also saw substantial inflows, with $2.64 billion remitted in December, $2.2 billion in November and $2.39 billion in October.
