Shahin Howlader
Bangladesh received nearly $2.48 billion in remittances in July, marking a strong start to the 2025–26 fiscal year, according to the latest data released by Bangladesh Bank.
This is the highest monthly inflow in over a year and reflects a notable 29.5 percent year-on-year growth. In July last year, remittance inflow stood at $1.91 billion. The latest figure is up by $561 million, or roughly Tk 6,882 crore, when calculated at an exchange rate of Tk 122 per dollar.
Remittance in local currency amounted to around Tk 30,239 crore in July.
Analysts attribute the surge to a combination of factors including increased overseas employment, a stable exchange rate, and government incentives for remitting money through formal channels. Measures taken to curb illegal money transfers, especially through hundi, have also played a role.
Banking sector insiders said July typically sees higher remittance inflows due to Eid-ul-Adha-related transfers. However, the magnitude of this year’s increase exceeded expectations and may help ease pressure on the country’s foreign exchange reserves.
The central bank is hopeful that the upward trend will continue in the coming months if the current policy support and market stability are maintained.