Bangladeshi expatriates sent US $814.29 million in remittances in the first eight days of March, according to the latest update from Bangladesh Bank. Of this amount, $231.35 million came through government banks, $68.45 million through the specialised Krishi Bank, $512.94 million through private banks, and approximately $1.54 million through foreign banks. NBR launches customs risk management to address money laundering But nine banks did not receive any remittances during this period. These include the state-owned Bangladesh Development Bank (BDBL) and the specialised Rajshahi Krishi Unnayan Bank. Among private banks, Community Bank, ICB Islami Bank, and Padma Bank recorded no remittance inflow. Foreign banks that did not receive remittances include Habib Bank, National Bank of Pakistan, Woori Bank, and State Bank of India. Despite concerns over the country's dwindling foreign exchange reserves, the remittance inflow has shown a positive trend. Bangladesh sees sluggish growth in new business and employment in Feb: Report From July to February of the current fiscal year (FY) 2024-25, Bangladesh received a total of $18.49 billion in remittances, marking a 23.8 percent increase compared to $14.93 billion in the same period of FY 2023-24. Bangladesh’s stock market plunges on week’s first trading day According to Bangladesh Bank data, remittance inflows over the last eight months were as follows: July: $1.91 billion August: $2.22 billion September: $2.4 billion October: $2.39 billion November: $2.2 billion December: $2.64 billion January: $2.19 billion February: $2.53 billion According to analysts, the steady growth in remittance inflows is crucial for Bangladesh’s economy, especially as the country grapples with a foreign exchange reserve crisis. They suggest that the increase in remittance could provide much-needed support to the economy by stabilising reserves and maintaining liquidity in the banking sector.

Bangladeshi expatriates sent $2.52 billion in remittances in February 2025, marking a 25 percent year-on-year growth compared to February 2024, when the figure stood at $2.02 billion. From July 2024 to February 2025, the total remittance inflow reached $18.49 billion, compared to $14.93 billion during the same period in the previous fiscal year—an increase of 23.8 percent. Bangladesh Bank spokesperson and Executive Director Arif Hossain Khan made disclosure on Sunday. Monthly Breakdown of Remittances in FY 2024-25: July: $1.91 billion August: $2.22 billion September: $2.4 billion $2.25 billion received in remittances in May, up 10.3% over April October: $2.39 billion November: $2.2 billion December: $2.64 billion January: $2.19 billion February: $2.52 billion According to the central bank, remittance inflows saw a notable rise following the political transition on August 5, 2024. Remittance inflow stands at Tk 16,008.84 crore in first half of Feb Arif Hossain Khan attributed the growth to expatriates increasingly using banking channels to send money home, incentivised by instant bonuses and secure transactions. “The central bank always encourages remitters to send their hard-earned money through secure banking channels,” he said.

Bangladeshi expatriates have sent a total of $670.97 million in remittances during the first eight days of February, according to the latest data from Bangladesh Bank. Of the total remittance, $523 million was received through government banks, while $35.7 million came through Krishi Bank, one of the two specialised banks. Private banks accounted for $431.5 million, and $1.9 million was sent through foreign banks. However, during the specified period, 10 banks did not receive any remittance. Dollar rate for remittance soars as banks compete for overdue payments These included state-owned Bangladesh Development Bank (BDBL), Rajshahi Krishi Unnayan Bank, and several private banks such as Community Bank, Citizen Bank, Global Islami Bank, ICB Islami Bank, and Padma Bank. Foreign sector banks that did not receive remittances included Habib Bank, National Bank of Pakistan, State Bank of India and Uoori Bank. Foreign remittances vital for Bangladesh’s economy: Ambassador Mushfiqul The continued inflow of remittances is an important contributor to the country’s foreign exchange reserves, despite some challenges in the banking sector.  

The US dollar rate for remittances has risen again by 50 basis points, reaching Tk 122.5. Officials from various banks said that over the past two weeks, the price of the dollar has increased by at least 50 basis points, now standing at Tk 122.5 per dollar. After a brief period of stability in the foreign exchange market, the remittance dollar rate has surged due to mounting pressure from overdue import payments. BB-Dollar: Taka loses 12.72% value in 2024 as dollar strengthens Despite this, banks continue to officially display the dollar price at Tk 122, as per Bangladesh Bank’s directive. In late December, the central bank verbally instructed banks to cap the maximum buying and selling rate for remittance dollars at Tk 122. It also mandated that the difference between buying and selling rates must not exceed Tk 1, warning of fines for non-compliance. Bangladesh Bank identifies reasons behind increased dollar demand A senior official of a private bank told UNB that the remittance dollar rate had remained between Tk 121.5 and Tk 122 in line with central bank’s instructions. However, with overdue import payments piling up, competition among banks to secure dollars has intensified, leading some banks to purchase remittance dollars at a higher price. At a meeting on Monday (Jan 27), the central bank directed banks to expedite payments for all overdue import liabilities and back-to-back letters of credit (LCs). This directive, issued during a meeting of the Authorised Dealers Forum, further escalated dollar demand. Following this, the remittance dollar rate surged, rising by at least 50 basis points to reach Tk 122.5 per dollar.

Bangladesh received $1.68 billion in remittance through legal channels during the first 25 days of January. On average, expatriates sent $67.04 million per day during this period. According to the latest data from Bangladesh Bank (BB), the total remittance flow for January is likely to surpass $2 billion if the current trend continues. A breakdown of the central bank’s data shows that of the $1.68 billion received: ·         $354.28 million came through state-owned banks, ·         $74.4 million through a specialised bank, ·         $1,242.53 million from private banks, and ·         $479 million via foreign banks. However, eight banks did not record any remittance inflow during this period. These include the state-owned Bangladesh Development Bank (BDBL) and the specialised Rajshahi Krishi Unnayan Bank. Bangladesh receives over $1.20 billion remittance in 18 days of January Private banks such as Community Bank, ICB Islami Bank, and Padma Bank also failed to report any remittance. Among foreign banks, Habib Bank, National Bank of Pakistan and State Bank of India did not receive any remittance. During the first half of FY2024-25 (July–December), remittance inflows totalled $13.78 billion, compared to $10.8 billion during the same period last year—an increase of $2.98 billion. US tops in remittance inflows to Bangladesh for 3 months: BB

Bangladesh received record-breaking remittance in December 2024, according to the latest updates from Bangladesh Bank. In December alone, expatriates sent a staggering US $2.64 billion, marking the highest monthly remittance recorded. Adding to this milestone, a record-breaking $118 million was remitted in just one day between December 30 and 31, 2024. Inflation eases in Bangladesh in December Highlighting the growth, Husne Ara Shikha, spokesperson for Bangladesh Bank, said on Wednesday that monthly remittance inflows increased by 32.5 percent year-on-year in December. During the July to December period of 2024, expatriates sent a total of $13.77 billion, reflecting a sharp 27.6 percent growth compared to the $10.8 billion received during the same six-month period in 2023.

Bangladesh has witnessed a record-breaking remittance inflow in December 2024, with expatriates sending $2.63 billion, the highest ever in the country's history for a single month. On average, $85.1 million was remitted daily throughout December, according the latest report from Bangladesh Bank, published on Wednesday. The report revealed that remittances in December amounted to $2.63 billion, significantly surpassing the $1.99 billion received during the same period last year. Bangladesh Bank increases crawling peg rate by Tk 2 Previously, the highest remittance inflow was recorded in July 2020, with $2.59 billion. However, the December 2024 figures broke that record. Contributions by Banking Channels State-owned banks facilitated $720 million in remittances in December, while specialised banks processed $112.7 million. Private banks accounted for the largest share, handling $1.79 billion and foreign bank branches contributed $7.4 million. Weekly Inflows in December 29–31 December: $218.2 million22–28 December: $413.3 million15–21 December: $625.9 million8–14 December: $764.9 million1–7 December: $616.5 million Remittance Trends in 2024 The remittance flow showed significant variation throughout the year. June witnessed $2.54 billion in remittances, the highest monthly inflow before December. However, July, the first month of the fiscal year, saw a sharp drop to $1.91 billion, marking the lowest figure in ten months. The situation began to improve after the interim government took office, with remittances reaching $2.22 billion in August, $2.40 billion in September, $2.39 billion in October, and $2.20 billion in November. This robust inflow highlights the unwavering support of Bangladeshi expatriates in strengthening the nation’s economy, with December standing out as a historic month in remittance contributions.

Bangladesh's foreign exchange reserves have surged to $20 billion, driven by an increase in remittances from overseas workers. According to Bangladesh Bank’s spokesperson and Executive Director, Husne Ara Shikha, the current reserve, as of December 22, stands at $24.84 billion (or 2,484 million USD) based on the bank's latest data. But the reserves are officially recorded at $20 billion in line with the International Monetary Fund's (IMF) BPM-6 accounting methodology. Bangladesh had to accept huge Rohingyas under certain circumstances: Touhid Hossain The reserves had reached the $20 billion mark earlier on November 6, but there was a gradual decline following that, with the reserves dipping below $19 billion during the first week of December. Despite this dip, the inflow of remittances has provided a crucial boost to the national reserves. During the first 21 days of December, Bangladesh received $2.07 billion in remittances, a significant rise compared to $1.575 billion and $1.572 billion received in October and November, respectively. DSEX drops by 5.56 points; prices of 130 companies falls during early trading The growing flow of remittances indicates improved financial support from Bangladesh's diaspora, contributing positively to the country's foreign exchange reserves. This positive trend in remittances, along with other financial factors, is expected to continue strengthening Bangladesh's foreign exchange position, offering a buffer against global economic challenges.

Bangladesh received inward remittance of US $1.726 billion in 23 days of November, according to the latest data from Bangladesh Bank (BB). As per the data, the average daily remittance received is $75 million dollars. A review of the central bank's data showed that in the first 23 days of this November, $640 million came through state-owned banks, $131 million came through a specialised bank, $951 million came through private banks, and $4 million came through foreign banks. Read: Bangladesh seeks Belgium’s backing for GSP+, post-LDC graduation  

Bangladesh has witnessed a notable surge in remittance inflow from July to October this year, as compared to the same period last year, according to data provided by the Bangladesh Bank. The total remittance inflow for this period stands at $8.938 billion, marking a sharp rise from the $6.878 billion recorded between July and October 2023. In October 2024 alone, the remittance inflow reached an impressive $2.395 billion, significantly higher than the $1.971 billion received in October 2023. The increase is attributed to the growing number of Bangladeshi workers abroad, improved remittance channels, and seasonal inflows as expatriates send funds to support their families in Bangladesh. Surge in remittance: $1.94 billion sent  through legal channels till Oct 26 A record-breaking figure was also observed on October 31, when remittances reached $98 million in a single day. Economists have highlighted the positive impact of these figures, noting that robust remittance inflows can boost domestic consumption and help the country mitigate the impacts of external economic pressures. Bangladesh Bank officials are optimistic that sustained remittance inflows will support ongoing efforts to strengthen the nation's economic standing.