Bangladesh is witnessing a steady rise in remittance inflow, offering renewed support to the country’s foreign exchange reserves and overall economic stability, officials and analysts observed.
According to data from Bangladesh Bank, the country has maintained a significant upward trajectory in remittance earnings over the last two fiscal years, achieving historic milestones that have surpassed all previous benchmarks.
During the 2023–24 fiscal year, the nation recorded US$23.9 billion in inflows. Growth accelerated sharply in FY 2024–25, reaching a record high of $30.3 billion, which represented a year-on-year increase of more than 25 percent.
The momentum has continued into the current 2025–26 fiscal year, with the July–March period alone bringing in $26.21 billion, compared to $21.79 billion during the same period in the previous year.
Most recently, data from July through April 20 of FY 2025–26 shows that remittance inflows reached $28,426 million, significantly outpacing the $23,666 million collected during the same timeframe last year.
The central bank has attributed the growth to a combination of incentives, stricter monitoring of informal transfer systems, and the gradual recovery of global labour markets.
Economists noted that remittance earnings remain one of the key pillars of Bangladesh’s economy, alongside exports. The inflow has helped ease pressure on the balance of payments and stabilize the exchange rate amid ongoing global economic uncertainties.
The government has been encouraging migrant workers to send money through official banking channels by offering 2.5 percent cash incentive for sending money through formal channels.
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