Dhaka: The strong inflow of remittances has continued its dominating trend into May, with expatriates sending around $2.25 billion in the first 24 days of the month.
According to Bangladesh Sangbad Sangstha, the latest data released by Bangladesh Bank (BB) today indicates that expatriates have sent remittances totaling $26.78 billion during the period from July to May 25 of the current fiscal year 2024-25.
In April, Bangladesh recorded its second-highest monthly remittance inflow in history, just under $3 billion. The previous month, March, witnessed a record $3.29 billion in remittances ahead of Eid-ul-Fitr, marking the highest ever for a single month.
According to the central bank, the previous peak before that occurred in December 2024, when remittances reached $2.64 billion. By that measure, April’s figure is now the second highest on record.
With May’s total crossing the $2 billion mark, Bangladesh has now seen 10 consecutive months of monthly remittances exceeding that threshold.