Remittances Surge to $1.06 Billion in March

In the opening seven days of March 2026, Bangladeshi expatriates sent a remarkable $1.069 billion in remittances to the country, averaging approximately $152.7 million per day. This represents a substantial increase compared to the same period last year.

A spokesperson for Bangladesh Bank, Arif Hossain Khan, confirmed on Sunday (8 March) that in March 2025, remittance inflows during the first week amounted to just $775 million. The comparison indicates an impressive 37 per cent year-on-year growth in early March remittances.

Since the start of the current fiscal year in July 2025 through 7 March 2026, expatriates have collectively sent $23.523 billion, reflecting a 22.1 per cent rise over the same period in the previous year. Monthly inflows have shown consistent growth, with January 2026 recording $3.179 billion, the third-highest monthly remittance in Bangladesh’s history, followed by $3.027 billion in February 2026.

A brief summary of recent remittance flows is presented below:

Month/Fiscal YearRemittance (Million USD)YoY Growth (%)Notes
January 20263,179.40Second-highest of current fiscal year
February 20263,027.60Among top monthly inflows recorded
1–7 March 20261,069.00Average daily inflow: $152.7 million
July 2025–7 March 202623,523.0022.10Cumulative remittance of current fiscal year
2024–25 Fiscal Year30,328.00Highest annual remittance in history

During the previous fiscal year (2024–25), Bangladeshi expatriates remitted a record $30.328 billion, marking the highest annual inflow ever.

Analysts attribute the continued surge in remittances to the relative stability of the global economy and higher earnings among expatriates, particularly those based in the Middle East and Europe, who remain the principal contributors.

Remittances play a critical role in Bangladesh’s economy by boosting foreign currency reserves, encouraging investment, and enhancing the purchasing power of citizens. The robust inflows in the first month of the current fiscal year have positively impacted the banking and financial sectors.

The strong start to March is considered a pivotal step in reinforcing Bangladesh’s economic landscape. The sustained support of expatriates continues to serve as a vital engine for the country’s economic stability and growth.