A strong upswing in remittance inflows has been recorded in Bangladesh during the first ten days of June this year, signalling renewed momentum in the country’s external earnings. According to the latest figures released by Bangladesh Bank, expatriates sent home approximately US$1.2031 billion during this short period alone.
This translates into a daily average inflow of around US$120.31 million, reflecting a notably firm start to the month and reinforcing expectations of continued strength in foreign currency earnings. The trend is being closely monitored by policymakers, as remittances remain one of the most vital sources of foreign exchange for the national economy.
Year-on-year growth shows strong improvement
Official data indicates a significant increase compared with the same period last year, when remittance inflows stood at US$956.19 million. The year-on-year rise highlights growing confidence among expatriate workers in formal banking channels for sending money back home.
Bangladesh Bank spokesperson Arif Hossain Khan noted that the upward trajectory is consistent with broader trends observed over the current fiscal year. From July to 10 June of the ongoing financial year, total remittance inflows reached approximately US$33.96 billion, marking a robust increase of 19.31 per cent compared with the previous year.
Economists interpret this sustained growth as evidence of structural improvements in remittance mobilisation, supported by policy incentives and enhanced financial infrastructure.
Factors driving the upward trend
Analysts attribute the steady increase in remittance inflows to several interconnected factors. These include a rising preference among migrant workers for legal transfer channels, improved exchange rate stability, and expanded incentives offered for remittance inflows through formal banking systems.
In addition, the rapid expansion of digital banking services and mobile financial platforms has significantly reduced transaction time and cost, making it easier for expatriates to send money home efficiently and securely.
Monthly remittance performance overview
Despite some month-to-month fluctuations, the overall trajectory over the past year has remained upward. March, in particular, stood out as a record month, with one of the highest inflow levels in the country’s history.
The following table summarises monthly remittance inflows over the recent period:
| Month | Remittance Inflow (US$ billion) |
|---|---|
| June (1–10 days) | 1.2031 |
| May | 3.4250 |
| April | 3.1273 |
| March | 3.7550 |
| February | 3.0207 |
| January | 3.1709 |
| December | 3.2267 |
| November | 2.8895 |
| October | 2.5634 |
| September | 2.6858 |
| August | 2.4218 |
| July | 2.4780 |
The data reveals that monthly inflows have generally fluctuated between approximately US$2.4 billion and US$3.7 billion, with higher-performing months such as March and May playing a crucial role in stabilising the foreign exchange market.
Record-breaking fiscal performance
For the full 2024–25 financial year, Bangladesh received a record US$33.028 billion in remittances, the highest ever recorded in a single fiscal year. This milestone underscores the growing importance of expatriate earnings in supporting macroeconomic stability, strengthening foreign exchange reserves, and easing pressure on external balances.
Experts suggest that continued policy support, alongside further improvements in financial technology and migrant welfare measures, could help sustain this positive trajectory in the coming months.
Overall, the strong remittance performance in early June provides a positive signal for the broader economy, reinforcing confidence in Bangladesh’s external sector resilience and long-term financial stability.