Bangladesh received $1.054 billion in remittances between August 1 and 12, marking a sharp 34% jump compared to the same period last year. The amount is $333 million higher than the $721 million recorded in the first 12 days of August 2024—equivalent to roughly Tk 4,063 crore, according to Bangladesh Bank Executive Director and spokesperson Arif Hossain Khan.

The strong start to August follows sustained government efforts to encourage expatriates to send money through official banking channels, boosting the country’s foreign currency earnings.

Mixed Performance in July
In July, the opening month of the 2025–26 fiscal year, remittances totaled $2.47 billion, maintaining overall stability. However, eight banks reported no remittance transactions during the month, raising concerns about gaps in sector-wide performance.
Banks with zero inflows included state-run Bangladesh Development Bank Ltd and Rajshahi Krishi Unnayan Bank; private lenders Community Bank Bangladesh, ICB Islamic Bank, and Padma Bank; as well as foreign banks Habib Bank Ltd (Pakistan), National Bank of Pakistan, and State Bank of India.

Central bank officials have urged all lenders to expand remittance services and strengthen links with Bangladeshi workers abroad.

Record-Breaking Fiscal Year Behind the Momentum
The current pace builds on the record $30.33 billion received in FY 2024–25, up 26.8% from $23.91 billion the year before. March 2025 set a monthly high with $3.29 billion in inflows.

Monthly inflows in FY 2024–25 were as follows:

• July: $1.91B

• August: $2.22B

• September: $2.40B

• October: $2.39B

• November: $2.20B

• December: $2.64B

• January: $2.19B

• February: $2.53B

• March: $3.29B

• April: $2.75B

• May: $2.97B

• June: $2.82B

Economists attribute the growth to competitive exchange rates, faster processing, and targeted outreach that has steered more senders away from informal hundi networks.

With remittances making up a vital share of foreign earnings, the ongoing rise is expected to ease pressure on the taka, support foreign reserves, and strengthen the balance of payments. The central bank says it will continue expanding digital transfer systems and deepening cooperation with overseas job markets to maintain the momentum.