Dhaka: Expatriate Bangladeshis sent US$2,528 million in remittances in February, marking an increase of approximately 25 percent compared to the same month the previous year. The remittances sent by wage earners in February 2024 amounted to $2,022 million.
According to Bangladesh Sangbad Sangstha, the year-on-year growth in remittance inflows rose to 23.8 percent for the first eight months, spanning July to February, of the ongoing fiscal year (FY25). During this period, the country received a total of $18,490 million, compared to $14,935 million received in the previous year.
A senior official of the central bank, speaking to BSS, indicated that the increase in remittance flow can be attributed to government measures aimed at streamlining legal channels. These measures encourage non-resident Bangladeshis (NRBs) to send money back to the country.
The growing remittance inflow plays a crucial role in the country’s economy, providing a stable source of foreign currency and supporting economic stability.