Bangladesh receives $2.75b in remittance in April

Remittance inflow to Bangladesh saw a notable surge in April, with expatriate Bangladeshis sending a total of $2,752 million between April 1 and 30—marking a 34.6% increase compared to the same period last year. According to the latest update from Bangladesh Bank, $144 million was received in a single day on April 30, 2025.

Bangladesh Bank released the updated data in a report published on Sunday (May 4).

According to the report, Bangladesh received a total of $24,537 million in remittances during the first ten months (July to April) of the 2024–25 fiscal year. This marks a 28.3% increase compared to the same period last fiscal year, when the amount was $19,119 million.

Experts view the sustained remittance inflow—even after Eid-ul-Fitr—as a positive indicator for the economy. In March, the country recorded its highest-ever monthly remittance of $3.29 billion. Notably, remittance inflow has exceeded $2 billion every month this fiscal year, reflecting migrant workers’ growing confidence in formal banking channels.

According to sources at Bangladesh Bank, the rise in remittance is driven by multiple factors: government incentives, strict actions against illegal hundi channels, and improved banking services for expatriates. In addition, steady export growth and a stable exchange rate of Tk 122 per US dollar have contributed to the positive trend.

Bangladesh’s foreign exchange reserves had reached an all-time high of $48.06 billion in August 2022. However, due to political unrest and excessive dollar sales, the reserves fell to $20.39 billion by mid-2024. Since the interim government assumed office, Bangladesh Bank has halted dollar sales and instead begun purchasing from the market—a move that is gradually helping to rebuild reserves.

Economists believe this upward trend in remittance will enhance macroeconomic stability and reduce the country’s reliance on foreign loans.