Dhaka: Bangladesh witnessed a strong growth in inward remittance during the first 23 days of May as expatriate Bangladeshis continued to send higher amounts of money through formal banking channels.
According to Bangladesh Sangbad Sangstha, the latest data reveals that the country received US$2.98 billion in remittances from May 1 to May 23, 2026, compared to $2.11 billion during the corresponding period of May last year. The inflow registered a 41.31 percent year-on-year growth, reflecting sustained confidence among expatriate workers in the country's formal financial system.
On May 23 alone, remittance inflow amounted to $173.64 million, indicating steady momentum in foreign currency earnings. Banking sector experts stated that the continued rise in remittance inflow is playing a vital role in easing pressure on the foreign exchange market and strengthening the country's external sector. Various policy supports, including cash incentives for remitters, simplified banking services, and stricter monitoring against illegal money transfer channels, contributed to the growth trend.
Meanwhile, total remittance inflow during the current fiscal year from July 2025 to May 23, 2026, reached $32.31 billion, up from $26.64 billion during the same period of the previous fiscal year, marking a 21.26 percent growth. Economists observed that the healthy remittance performance would continue to support macroeconomic stability and enhance foreign exchange reserves in the coming months.