In the first 19 days of April alone, Bangladeshi expatriates sent home $1.718 billion in remittances—equivalent to nearly Tk 21,000 crore, assuming an exchange rate of Tk 122 per dollar. This means the country received an average of $90 million, or over Tk 1,104 crore, in remittance every day.

According to the latest update published by Bangladesh Bank on Sunday (April 20), this surge is attributed to a decline in illegal money transfers (hundi), a unified dollar rate across legal channels, and incentives introduced by banks that have encouraged migrants to send money through formal banking systems.

Of the total remittance received in April so far, state-owned banks accounted for $639.7 million, specialized agricultural banks contributed over $90 million, and private banks facilitated nearly $990 million. Foreign banks processed an additional $3.32 million.

However, eight banks reported zero remittance inflows during this period. These include Bangladesh Development Bank (BDBL), Rajshahi Krishi Unnayan Bank (RAKUB), Citizens Bank, ICB Islamic Bank, Padma Bank, Habib Bank, National Bank of Pakistan, State Bank of India, and Woori Bank.

In March, the country saw a record-breaking $3.29 billion in remittances—the highest ever received in a single month. This figure marks a sharp rise compared to March of last year, when the inflow stood at $1.71 billion, reflecting a year-on-year increase of $1.58 billion.

During the first nine months of the current fiscal year (July–March of FY2024–25), Bangladesh received a total of $21.78 billion in remittances, up from $17.08 billion during the same period last year—an increase of $4.7billion.