Remittance Inflow Rises to $2.42b in August

(Collected Photo)

Bangladesh received US$2.42 billion in remittances in August, marking an 8.9 percent increase compared with $2.22 billion in the same month last year.

In the first two months of the current fiscal year 2025–26, expatriates sent $4.9 billion, up from $4.13 billion during the same period of the previous fiscal year — a growth of 18.4 percent.

The country’s foreign exchange reserves have also strengthened, reaching around $31 billion, up from just over $26 billion under the IMF’s BPM6 standard.

In July, remittance inflows reached a record $2.48 billion, the highest ever for a single month.

The fiscal year 2024–25 also recorded the highest-ever annual remittance inflow, totalling $30.33 billion.