Dhaka, Aug 03 (V7N)- Bangladesh received US$2.859 billion in remittances through formal banking channels during July, the first month of the 2026-27 fiscal year, according to the latest report released by Bangladesh Bank on Sunday (August 2).
Based on an exchange rate of Tk 123.83 per US dollar, the inflow is equivalent to approximately Tk 354 billion.
According to the central bank, remittance inflows stood at US$2.478 billion in July of the previous fiscal year. This represents a 15.4 percent year-on-year increase in expatriate income.
The July figure also surpassed the US$2.82 billion received in June, the final month of the 2025-26 fiscal year.
Bangladesh Bank's data further showed that the country received a record US$35.59 billion in remittances through legal channels during the 2025-26 fiscal year (July–June). In the previous fiscal year, remittance inflows totaled US$30.33 billion, marking an increase of US$5.26 billion, or 17.3 percent. This is the highest annual remittance collection in Bangladesh's history.
Officials at Bangladesh Bank attributed the continued growth in remittance inflows to several factors, including government measures to curb illegal hundi transactions, cash incentives for expatriate workers, the expansion of banking services, and greater opportunities for Bangladeshis living abroad to send money through formal financial channels.
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