Dhaka: Inflow of remittances witnessed a remarkable year-on-year growth of 33.6 percent, reaching US$2,099 million in the first 27 days of July, according to the latest data of Bangladesh Bank (BB) issued here today. During the same period last year, the country’s remittance inflow was $1572 million.
According to Bangladesh Sangbad Sangstha, expatriate Bangladeshis sent a record $30.33 billion in remittances in the fiscal year 2024-25 (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).
The increase in remittance inflow is considered a positive development for the country’s economy, as it plays a crucial role in supporting foreign exchange reserves and financing the trade deficit. The data from Bangladesh Bank highlights the significant contribution of overseas Bangladeshis in boosting the national economy through their remittances.