Dhaka: Bangladesh reached a historic milestone in the fiscal year 2024-25 (FY25) with remittance inflows surpassing US$30 billion, breaking all previous records.
According to Bangladesh Sangbad Sangstha, expatriate Bangladeshis sent a record $30.33 billion in remittances in FY25, marking the highest amount ever received in a single fiscal year in the country's history.
This figure reflects a 26.80 percent increase compared to the $23.91 billion received in the previous fiscal year (FY24). This surpasses the earlier record of $24.77 billion sent in FY2020-21 during the Covid-19 pandemic, when remittances spiked due to restrictions on informal hundi channels and the introduction of incentive bonds.
In June alone, remittances reached $2.54 billion - up from $2.39 billion during the same month last year.