In 29 days this month, remittances amounted to 30.41 crore dollars

Bangladesh has witnessed a remarkable remittance inflow of $3.041 billion during the first 29 days of December, averaging nearly $10.49 million per day, according to Arif Hossain Khan, Executive Director and spokesperson for Bangladesh Bank.

Speaking on Tuesday, Mr. Khan confirmed that this December inflow represents a significant increase compared with $2.521 billion received during the same period last year, highlighting a strong year-on-year growth in remittance earnings. On 29 December alone, expatriates transferred $10.50 million back to the country.

For the current financial year 2024-25, spanning July to 29 December, Bangladesh has accumulated $16.079 billion in remittances, marking a 17.7 per cent rise compared to the same period last year. Economists attribute this sustained growth to a combination of government initiatives incentivising remittances through formal banking channels and the continued confidence of expatriates in the national banking system. These trends are expected to further strengthen the country’s foreign currency reserves.

A month-wise breakdown of remittance inflows over the past six months is as follows:

Cumulatively, remittances for the financial year 2024-25 have now reached an all-time high of $30.328 billion, establishing a new record as the largest annual remittance collection in Bangladesh’s history. The robust inflow underscores the critical economic contribution of expatriate workers to the nation.

Analysts emphasise that this consistent upward trajectory not only strengthens foreign exchange reserves but also helps stabilise the Bangladeshi Taka and supports various national development projects. With continued government facilitation and the enduring trust of the Bangladeshi diaspora, remittance inflows are expected to maintain their growth momentum in the coming months, providing a reliable financial lifeline for the country.