The total remittance for Jul–Feb ‘FY25. 23.8% YoY over this line was $18.49 billion, down from a year ago in the corresponding period.
Remittances exceeded US$2.528 billion in February 2025 alone, the fourth-highest monthly remittance flow on record.
According to the latest data from the Bangladesh Bank, remittances were reported on Sunday.
The highest monthly remittance inflow ever recorded in Bangladesh was $2.638 billion last December. Within just a month, this record was broken.
The second-largest inflow of $2.598 billion came in July 2020, and the third-largest was €2.54 billion in June 2024.
The July–February period in the current FY25 saw an overall remittance inflow of 18.49 billion U.S. dollars, an increase of 23.8% year-over-year, compared with the previous fiscal year.
In FY24, Bangladesh received 14.94 billion dollars’ worth of remittances from July to February, compared with this year’s figures for the same period.
But in February, it got 25% more remittances than the $2.16 billion recorded in the first month of that year.
According to the Bangladesh Bank, July: $1.913 billion, August: $2.224 billion, September: $2.404 billion, October: $2.395 billion, November: $2.199 billion, December: $2.638 billion and January: $2.185 billion US dollars through banking channels.
Experts link the rise to the month of Ramadan, when remittance inflows typically increase as expatriates send more money to support their families.
They also suggest that the upcoming Eid remittance flow will continue into March.
However, remittances tend to increase during Ramadan and the two Eid festivals.
Rising foreign exchange reserves
The country’s foreign exchange reserves are increasing, reflecting a positive trend in expatriate income.
The reserves exceeded 20.90 billion U.S. dollars on February 27. They were 20.85 billion dollars as of February 23.
As of February 27, Bangladesh’s gross reserves were $26.13 billion, according to the central bank’s figures.
The reserves are worth 20.90 billion U.S. dollars, according to the International Monetary Fund’s (IMF) BPM-6 accounting system.
