Bangladesh remittance inflow surpasses last fiscal year’s total with 1.5 months remaining

Bangladesh has surpassed last fiscal year’s total remittance earnings with a month and 22 days remaining in the ongoing financial year, as inflows from expatriates maintain a strong upward trajectory.

In the first nine days of May alone, expatriates sent more than $1.03 billion, according to the latest weekly data released by Bangladesh Bank on Sunday.

This sustained flow highlights continued strength in remittance earnings even after Eid-driven seasonal demand.

Between Jul 1, 2025, and May 9, 2026, expatriates remitted $30.36 billion over 10 months and nine days of the current fiscal year. This already exceeds the entire amount received in the previous fiscal year.

During FY2024–25, Bangladesh received $30.33 billion in remittances. The current inflow is 0.11 percent higher, marking a new benchmark for the country’s external earnings.

The central bank data shows that in April alone, expatriates sent $3.13 billion, a 13.62 percent rise compared with the same month last year.

Notably, remittances have remained above the $3 billion mark for five consecutive months, reflecting sustained overseas income support.

At the current exchange rate of Tk 123 per dollar, banks disbursed around Tk 126.6 billion in the first nine days of May.

On average, daily inflows stood at $114.3 million, equivalent to roughly Tk 14.06 billion per day.

If the present momentum continues, total remittance inflows in May could reach $3.54 billion, central bank officials estimate.

Historically, remittance inflows tend to decline after major religious festivals.

However, this year’s trend defies that pattern.

Even after Eid-ul-Fitr in March, inflows remained strong, with April also crossing the $3 billion mark.

March recorded a historic peak of $3.76 billion, the highest single-month inflow in Bangladesh’s history. The previous record had been set in March last year at $3.3 billion, both driven by Eid-related transfers.

Monthly inflows have remained robust throughout FY2025–26, including $3.22 billion in December, $3.17 billion in January, and $3.02 billion in February.

On average, remittances stood at $2.94 billion per month during the first 10 months of the ongoing fiscal year, compared with $2.53 billion in the previous year.

With Eid-ul-Azha approaching later this month, Bangladesh Bank officials expect further acceleration in inflows, supported by increased household transfers from expatriates.

Remittance remains the strongest performing macroeconomic indicator for Bangladesh, continuing to stabilise the economy at a time of external pressures and financial strain.

If the trend persists, total inflows may cross the $35 billion mark by the end of the fiscal year.