Bangladesh has experienced a robust and sustained increase in remittance inflows during the first 24 days of March, reflecting the unwavering financial support of millions of expatriate workers across the globe. According to the latest data released by the central bank, a total of 305 million US dollars was received during this period, highlighting a steady and encouraging trend in the country’s foreign currency earnings.
The information was disclosed on Wednesday, 25 March, by Arif Hossain Khan, spokesperson for the central bank. He noted that the average daily remittance during this period stood at approximately 12.71 million US dollars. When converted into local currency at an exchange rate of 122 taka per US dollar, the total inflow amounts to nearly 37,210 crore taka. This consistent inflow of foreign exchange continues to play a pivotal role in stabilising Bangladesh’s external reserves and strengthening the broader macroeconomic framework.
Compared with the same period in the previous year, the current figure reflects a clear upward trend. During the corresponding 24-day period last year, remittance inflows were recorded at 274.9 million US dollars. The year-on-year increase indicates growing confidence among expatriates in formal remittance channels, supported by improved financial infrastructure and policy incentives introduced by the authorities.
A closer look at the monthly remittance performance for the current fiscal year reveals a pattern of resilience and sustained growth:
| Month | Remittance Inflow (USD) | Key Observation |
|---|---|---|
| July | 247.80 million | Stable commencement of fiscal year |
| August | 242.19 million | Slight dip but consistent inflow |
| September | 268.59 million | Noticeable improvement |
| October | 256.35 million | Steady performance |
| November | 288.95 million | Strong upward movement |
| December | 322.67 million | Highest monthly inflow recorded |
| January | 317.09 million | Among top-performing months |
| February | 302.08 million | Continued strong inflow |
| March (24 days) | 305.00 million | Sustained positive momentum |
The data illustrates that remittance inflows have remained consistently strong throughout the fiscal year. December marked a historic peak, registering the highest ever monthly remittance inflow in Bangladesh’s history. January also stood out as one of the most significant months, reinforcing the resilience of the country’s remittance performance.
From July to 24 March of the current fiscal year, Bangladesh has received a total of 25.504 billion US dollars in remittances. This represents a substantial increase of 20.10 per cent compared with the same period in the previous fiscal year, underscoring a strong upward trajectory in overseas earnings.
In the broader economic context, remittances serve as one of the most vital sources of foreign exchange for Bangladesh. These inflows support household consumption, reduce poverty, and contribute significantly to maintaining foreign currency reserves. As a result, they enable the country to meet import obligations and manage balance of payments pressures more effectively. Moreover, remittances play an essential role in strengthening rural economies and promoting financial inclusion across different regions.
The fiscal year 2024–25 has already achieved a historic milestone, with total remittance inflows reaching 30.32 billion US dollars, equivalent to approximately 3,032.80 million in local terms. This marks the highest annual remittance record in Bangladesh’s history, reflecting the growing contribution of expatriate workers to national economic development.
Economists attribute this positive trend to several key factors, including stable exchange rate management, government incentives to encourage formal remittance channels, and ongoing efforts to discourage informal money transfers. Additionally, the expansion of digital banking services and mobile financial platforms has made it easier, faster, and more secure for expatriates to send money home.
Looking ahead, maintaining this upward momentum will depend on continued policy support, favourable global labour market conditions, and sustained confidence among expatriate communities. With prudent economic management and sustained institutional support, remittances are expected to remain a cornerstone of Bangladesh’s economic stability and growth in the years to come.
Overall, the latest figures highlight the resilience and importance of remittance inflows, reaffirming their critical role in strengthening the country’s economic foundations and supporting the livelihoods of millions of Bangladeshis.