In the current month, remittances have reached $3.041 billion over 29 days

In the first 29 days of December, Bangladesh received a total of $3.041 billion in remittances, averaging approximately $10.49 million per day, according to Bangladesh Bank Executive Director and spokesperson, Arif Hossain Khan.

Speaking on Tuesday, Mr. Khan confirmed that the total inflow of $3.041 billion for December represents a significant increase compared to $2.521 billion received during the same period last year, highlighting a notable year-on-year growth in remittance earnings.

On 29 December alone, expatriates sent $10.50 million back to the country. For the current financial year, from July to 29 December, Bangladesh has received a total of $16.079 billion, marking a 17.7 per cent increase compared to the same period last year.

Economists attribute this sustained growth to several factors: the government’s continued initiatives and incentives for sending money through legal channels, along with the enduring confidence of expatriates in the banking system. These trends are expected to play a supportive role in strengthening the country’s foreign currency reserves.

A month-wise breakdown of remittance inflows over the past six months is as follows:

The cumulative remittance inflows for the financial year 2024-25 have now reached an all-time high of $30.328 billion. This historic figure marks the highest annual remittance collection in Bangladesh’s history, underscoring the crucial contribution of expatriate workers to the national economy.

Analysts emphasise that the steady upward trend in remittances not only boosts foreign exchange reserves but also helps stabilise the local currency and supports national development projects. With continued government facilitation and the trust of the Bangladeshi diaspora, remittance flows are expected to maintain their growth trajectory in the coming months.