Remittances Exceed Tk 270 Billion in 23 Days

Bangladesh has received more than Tk 270 billion in remittances during the first 23 days of June, highlighting the continued importance of overseas earnings to the country’s economy. According to data released by Bangladesh Bank, expatriate Bangladeshis sent home US$2.238 billion between 1 and 23 June, reflecting a steady flow of foreign currency into the country.

Based on an exchange rate of Tk 122 per US dollar, the amount translates to more than Tk 273 billion. The figures also indicate that remittances averaged approximately US$97.3 million per day during the period. The information was confirmed on Wednesday by Bangladesh Bank spokesperson Arif Hossain Khan.

Central bank data show that remittance inflows have continued to grow compared with the same period last year. During the first 23 days of June in the previous year, expatriates sent US$2.209 billion to Bangladesh. This means remittance earnings have increased year-on-year, albeit at a modest pace, despite ongoing global economic uncertainties and varying labour market conditions in several migrant destination countries.

The broader picture for the current financial year is even more encouraging. From July through 23 June, Bangladesh received a total of US$34.995 billion in remittances. During the corresponding period of the 2024–25 financial year, remittance inflows stood at US$29.715 billion. The latest figures represent a significant increase of 17.80 per cent, underlining the growing contribution of overseas Bangladeshis to the national economy.

The sustained rise in remittances comes at a time when foreign currency earnings remain crucial for maintaining economic stability. Remittances play a vital role in supporting household consumption, strengthening foreign exchange reserves, financing imports and easing pressure on the balance of payments. Economists often regard these inflows as one of the country’s most dependable sources of foreign currency.

The strong performance follows an exceptional month in May, when Bangladesh received US$2.97 billion in remittances. At an exchange rate of Tk 122 per dollar, that amounted to approximately Tk 362.34 billion. The figure was recorded as the second-highest monthly remittance inflow in the country’s history, reflecting continued confidence among expatriate workers in using formal banking channels to send money home.

A summary of the key remittance figures is presented below:

With only days remaining in the current financial year, the continued growth in remittance inflows is being viewed as a positive indicator for Bangladesh’s external sector. The trend also highlights the enduring contribution of millions of Bangladeshi workers living abroad, whose earnings remain a cornerstone of the nation’s economic resilience.