Bangladesh received remittances worth $2.86 billion in July, the first month of the 2026–27 fiscal year, marking a 15.4 percent increase compared to the same period a year earlier.
According to a report published by Bangladesh Bank on Sunday, expatriate Bangladeshis sent $2.859 billion through formal banking channels in July. The amount is equivalent to approximately Tk 354 billion, calculated at an exchange rate of Tk 123.83 per US dollar.
In July of the previous fiscal year, remittance inflows stood at $2.478 billion. The latest figures show a steady upward trend in foreign earnings from expatriates.
The inflow in July also exceeded the $2.82 billion recorded in June, the final month of the 2025–26 fiscal year.
Meanwhile, total remittance inflows in the 2025–26 fiscal year (July–June) reached a record $35.59 billion, compared to $30.329 billion in the previous fiscal year. This represents an increase of $5.26 billion, or 17.3 percent year-on-year — the highest ever recorded in a single fiscal year in Bangladesh’s history.
Officials of Bangladesh Bank attributed the continued growth in remittance inflows to several factors, including government initiatives to curb illegal hundi transactions, cash incentives for expatriates, improved accessibility of banking services, and expanded opportunities for sending money through legal channels.
