Bangladesh has recorded a strong and sustained rise in remittance inflows during the first 24 days of March, reflecting the continued financial commitment of millions of expatriate workers across the world. The latest data, released by the central bank, indicates that a total of 305 million US dollars was received during this period, signalling a steady and encouraging trend in the country’s foreign currency inflows.

The information was disclosed on Wednesday, 25 March, by Arif Hossain Khan, spokesperson for the central bank. He stated that the average daily remittance during this period stood at approximately 12.71 million US dollars. When converted into local currency at an exchange rate of 122 taka per US dollar, the total inflow amounts to nearly 37,210 crore taka. This steady stream of foreign exchange continues to play a vital role in maintaining the stability of Bangladesh’s external reserves and supporting the broader macroeconomic framework.

Compared with the same period in the previous year, the current figures represent a noticeable improvement. During the corresponding 24-day period last year, remittance inflows stood at 274.9 million US dollars. The year-on-year growth reflects increasing confidence among expatriates in formal remittance channels, as well as improved facilitation mechanisms and incentives introduced by financial authorities.

To provide a clearer understanding of recent performance trends, the monthly remittance inflows for the current fiscal year are presented below:

The data clearly indicates that remittance inflows have maintained a strong and stable trajectory throughout the fiscal year. December emerged as a landmark month, recording the highest ever monthly remittance inflow in the country’s history. January also secured its position as one of the top-performing months, further reinforcing the resilience of this critical economic indicator.

From July to 24 March of the current fiscal year, Bangladesh received a total of 25.504 billion US dollars in remittances. This marks a substantial increase of 20.10 per cent compared to the same period in the previous fiscal year, underscoring a robust growth trend in overseas earnings and financial inflows.

In a broader economic context, remittances remain one of the most significant sources of foreign exchange for Bangladesh. They support household consumption, contribute to poverty reduction, and help sustain foreign currency reserves, thereby enabling the country to finance imports and manage balance of payments pressures effectively. The inflows also play a crucial role in strengthening rural economies and enhancing financial inclusion across the country.

The fiscal year 2024–25 has already witnessed a historic milestone, with total remittance inflows reaching 30.32 billion US dollars, equivalent to approximately 3,032.80 million in local terminology. This represents the highest annual remittance record in Bangladesh’s history, highlighting the increasing contribution of expatriate workers to national development.

Economists attribute this positive trend to several factors, including improved exchange rate management, government incentives for remittance inflows through formal channels, and ongoing efforts to combat informal money transfer systems. Additionally, the expansion of digital financial services and banking accessibility has made it easier and more secure for expatriates to send money home.

Maintaining this momentum will depend on continued policy support, global labour market conditions, and sustained confidence among expatriates. With prudent management and supportive measures, remittances are expected to remain a cornerstone of Bangladesh’s economic stability and growth in the foreseeable future.

Overall, the latest figures underscore the resilience and importance of remittance inflows, reaffirming their critical role in strengthening Bangladesh’s economic foundations and supporting the livelihoods of millions of its citizens.