Bangladesh receives $1.66 billion remittance in 15 days of March

Expatriate Bangladeshis sent over $1.66 billion in remittances during the first 15 days of March in the 2024-25 fiscal year.

If the current pace continues, remittance inflows may set a new benchmark, several treasury heads of banks have said.

The amount of inbound remittance in March is expected to cross $3.0 billion as the country is receiving $110 million every day in remittance.

Bangladesh’s highest-ever monthly remittance was recorded in December last year, reaching $2.64 billion, while the second-highest inflow came in February this year at $2.54 billion.

As this year’s Eid is expected to fall on March 31 or April 1, remittances have already surged in the first half of the month.

According to bdnews24.com, the decline in informal Hundi transactions following the change in government could also be a reason behind the stronger remittance inflow through banking channels this year.