Bangladesh has witnessed a strong rise in remittance inflows ahead of the holy festival of Eid-ul-Azha, as expatriate Bangladeshis continue to send higher amounts of money home through official banking channels.
According to the latest data released by Bangladesh Bank on Thursday, the country received remittances worth US$2.622 billion during the first 20 days of May. In local currency, the amount stands at approximately Tk 321.85 billion, calculated at an exchange rate of Tk 122.75 per US dollar.
The figures indicate that Bangladesh is receiving more than Tk 16.09 billion in remittances per day on average this month.
Data from the central bank also showed that total remittance inflows from July to May 20 of the current 2025–26 fiscal year reached US$31.955 billion.
Officials at Bangladesh Bank said several factors have contributed to the continued growth in remittance earnings, including the government’s strict measures against illegal hundi transactions, incentives for sending money through legal channels, and improved banking services for expatriates.
They also expect remittance inflows to rise further during the remaining days of May as overseas Bangladeshis traditionally send additional funds to support their families ahead of Eid-ul-Azha.
According to the central bank’s monthly statistics, Bangladesh received US$2.4778 billion in remittances in July, followed by US$2.4218 billion in August, US$2.6855 billion in September, US$2.5624 billion in October, and US$2.8897 billion in November.
Remittance inflows increased further in the following months, reaching US$3.2236 billion in December, US$3.1716 billion in January, US$3.02 billion in February, US$3.7522 billion in March, and US$3.1273 billion in April.
Economists and banking sector insiders believe that if the current trend continues, Bangladesh could record its highest-ever monthly remittance inflow in May. Higher remittance earnings are expected to strengthen the country’s foreign exchange reserves and provide positive support to the overall economy.
