Expat Income Hits $2.75 Billion in April
- Update Time : 03:54:27 pm, Sunday, 4 May 2025
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In April of this year, remittance inflows to Bangladesh surged by 35% compared to the same month last year. According to data from Bangladesh Bank, expatriates sent home $2.75 billion in April 2025, up from $2.04 billion during April 2024.
From July to April of the 2024–25 fiscal year, total remittance reached $24.53 billion—an increase of 28.33% over the same period the previous year. Bankers attribute this growth to the narrowing gap between official exchange rates and informal “hundi” rates, which has encouraged more expatriates to send money through formal banking channels.
Additionally, stricter enforcement by the interim government against money laundering has contributed to a decline in illicit fund transfers. Experts believe that if this trend continues, it could significantly strengthen the country’s foreign currency reserves.
