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Bangladesh received record $27.5B in remittance in 11 months
Bangladesh received a record $27.5 billion in inward remittances during the first 11 months of the 2024–25 fiscal year, marking the highest amount ever recorded for the period.
The flow of remittance saw a significant surge in May, as expatriates sent US$2.97 billion in inward remittances, which is the second-highest ever.
According to Bangladesh Bank, expatriates sent $247 million in remittance on May 29-31.
The remittance flow saw a 31.7 percent growth in May year-on-year. The remitters sent $2.97 billion in remittances in May of the fiscal year 2024-25, which was $2.55 billion in the previous FY2023- 24.
For the first time, Bangladesh received $27.5 billion in inward remittance in 11 months from July-May of FY2024- 25, which is the highest ever in the history. In the same period of the previous fiscal year, Bangladesh received $21.37 billion. It means the flow of remittance grew by 28.7 percent.
The central bank official predicted that for the first time, remittance will reach $30 billion in the current fiscal year, reports UNB.
The expertise sent $27.5 billion remittance in 11 months (July-May) of the current FY2024-25. The scenery of 11 months remittance as follows-
May $2.97 billion
April: $2.75 billion
March: $3.29 billion
February: $2.53 billion.
January: $2.19 billion
December: $2.64 billion
November $2.2 billion
October: $2.39 billion
September: $2.4 billion
August: $2.22 billion
In July: $ 1.91 billion