Bangladesh has experienced a significant increase in remittances, with expatriates sending a total of $18.49 billion between July 2024 and February 2025. This marks a 23.8% rise compared to the $14.93 billion received during the same period last year, according to a statement from Bangladesh Bank.
In February 2025 alone, the country received $2.52 billion in remittances, reflecting a 25% year-on-year growth from February 2024, when remittances amounted to $2.02 billion.
Arif Hossain Khan, Executive Director and spokesperson for Bangladesh Bank, highlighted the overall increase in remittances and attributed part of the growth to expatriates’ growing preference for using banking channels. These channels offer secure transactions and instant bonuses, which encourage remitters to send money through formal means.
Here’s the monthly breakdown of remittance inflows during the fiscal year 2024-25:
– July: $1.91 billion
– August: $2.22 billion
– September: $2.4 billion
– October: $2.39 billion
– November: $2.2 billion
– December: $2.64 billion
– January: $2.19 billion
– February: $2.52 billion
Khan also noted that remittance inflows saw a notable surge following the political transition on August 5, 2024, further contributing to the rise in financial support sent to Bangladesh from abroad. The central bank continues to encourage the use of secure banking channels to ensure both safety and reliability in these transactions.
