Remittance inflow rises 7% YoY to $2.56b in October
During the first four months of the fiscal year 2025-26, Bangladesh received $10.14 billion in remittances, up from $8.9 billion during the corresponding period of the previous fiscal year.
Expatriate Bangladeshis sent home $2.56 billion in remittances in October 2025, marking a 7% growth compared to the same month last year, according to the latest data from the Bangladesh Bank.
In October 2024, remittances totaled $2.4 billion.
During the first four months of the fiscal year 2025-26 (July-October), Bangladesh received $10.14 billion in remittances, up from $8.9 billion during the corresponding period of the previous fiscal year.
Bankers said the country's foreign exchange market has stabilised, and the impact of illegal hundi channels has declined, leading to higher remittance inflows through formal banking systems.
Since the interim government took office, remittance through banking channels has seen a steady rise, they said. Currently, the exchange rate offered by banks is nearly equivalent to that of the open market, encouraging expatriates to send money legally through banks.
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Over the past year, Bangladesh has been receiving an average of around $2.5 billion per month in remittances through formal channels, they noted.
