Remittance Inflows Remain Robust Despite June Slowdown

Bangladesh received US$2.452 billion in remittances during the first 27 days of June, maintaining a strong inflow of foreign currency despite a slight year-on-year decline, according to the latest data released by Bangladesh Bank.

The central bank reported that expatriate Bangladeshis sent home US$2.452 billion between 1 and 27 June, averaging approximately US$90.8 million in remittances each day. During the corresponding period last year, remittance inflows stood at US$2.499 billion, indicating a modest decline for the month so far.

Bangladesh Bank spokesperson Arif Hossain Khan announced the figures on Sunday, saying that while June’s remittance earnings have eased slightly compared with the same period a year earlier, the overall trend for the current fiscal year remains highly encouraging.

Between July and 27 June of the ongoing fiscal year, Bangladesh received a total of US$35.209 billion in remittances, marking a 17.30 per cent increase over the corresponding period of the previous fiscal year. The sustained growth underlines the continued importance of overseas Bangladeshis, whose earnings remain one of the country’s most significant sources of foreign exchange.

The latest figures follow an exceptionally strong run of remittance inflows over recent months. In May, expatriates sent US$3.425 billion, making it the second-highest monthly remittance total in the country’s history. The all-time monthly record was set in March, when remittances reached US$3.755 billion.

April also registered a robust performance, with inward remittances amounting to US$3.127 billion. Earlier in the year, Bangladesh received US$3.171 billion in January and US$3.021 billion in February, maintaining the upward momentum in foreign currency inflows.

The trend was equally encouraging during the first half of the fiscal year. December recorded remittances of US$3.227 billion, while November brought in US$2.890 billion. In October, expatriates remitted US$2.563 billion, followed by US$2.686 billion in September, US$2.422 billion in August and US$2.478 billion in July.

The consistently strong inflows have provided crucial support to Bangladesh’s economy. Remittances remain one of the country’s principal sources of foreign exchange alongside export earnings, helping finance imports, strengthen foreign exchange reserves and support millions of households that depend on income from family members working abroad. Higher remittance earnings also contribute to domestic consumption and provide greater stability to the country’s external sector.

The current fiscal year’s performance builds on the record achieved in the 2024–25 fiscal year, when Bangladesh received US$30.328 billion in remittances over the full year—the highest annual remittance earnings in the nation’s history. The latest figures suggest that the current fiscal year is on course to surpass that milestone by a considerable margin.

Economists have frequently pointed to the resilience of Bangladesh’s overseas workforce as a key factor behind the sustained growth in remittance inflows. Despite global economic uncertainties, Bangladeshi migrant workers have continued to make a vital contribution to the country’s economy through regular transfers sent to their families.

The latest monthly figures released by Bangladesh Bank are summarised below:

Although remittance inflows during the first 27 days of June were marginally lower than those recorded during the same period last year, the broader picture remains overwhelmingly positive. The steady rise in overseas earnings throughout the fiscal year highlights the enduring contribution of Bangladeshi migrant workers and reinforces remittances as a cornerstone of the country’s economic stability.