DHAKA, Jun 18 (V7N) – Bangladesh received $1.729 billion in remittances during the first 16 days of June, reflecting continued strength in foreign currency inflows and maintaining the upward trend seen throughout the current fiscal year.

The information was disclosed by Bangladesh Bank spokesperson Arif Hossain Khan on Wednesday.

According to data from the central bank, expatriate Bangladeshis sent home $1.632 billion during the same period last year. As a result, remittance inflows have increased year-on-year in the first half of June.

The average daily remittance inflow during the period stood at approximately $108.1 million, providing significant support to the country's foreign exchange reserves and overall economy.

Bangladesh received a total of $34.485 billion in remittances between July and June 16 of the 2024-25 fiscal year, marking an 18.30 percent increase compared with the corresponding period of the previous fiscal year.

The country recorded $3.425 billion in remittances in May, the second-highest monthly remittance inflow in Bangladesh's history. In April, expatriates sent $3.127 billion, while March witnessed a record-breaking $3.755 billion in remittances, the highest monthly figure ever recorded.

Earlier in the fiscal year, remittance inflows reached $3.179 billion in January and $3.028 billion in February. In December, expatriates sent $3.227 billion, while November recorded $2.890 billion.

Remittances amounted to $2.563 billion in October and $2.686 billion in September. In August and July, inflows stood at $2.422 billion and $2.478 billion respectively.

Meanwhile, total remittance earnings for the entire 2024-25 fiscal year reached a record $30.32 billion, surpassing all previous fiscal-year records and underscoring the growing contribution of overseas Bangladeshis to the national economy.

Economists say the sustained growth in remittance inflows has played a crucial role in strengthening foreign exchange reserves, supporting import payments, and maintaining macroeconomic stability amid global economic challenges.

END/SMA/AJ