DHAKA, May 1 (V7N) — In a major boost to the national economy, Bangladesh’s remittance inflow has crossed the $3 billion mark within the first 29 days of April. Data released by Bangladesh Bank (BB) today confirms that expatriate workers sent $3,002 million home during this period, signaling a robust recovery in foreign exchange earnings.
Key Performance Indicators

The latest figures highlight a significant upward trajectory in the country’s primary source of foreign currency:

Year-on-Year Growth: Remittance receipts saw a 15.1% increase compared to the $2,608 million recorded during the same period in April last year.

Fiscal Year Totals: From July to April 29 of the current fiscal year (FY 2025-26), cumulative remittances reached $29,210 million. This is a substantial jump from the $24,393 million recorded in the corresponding period of the previous fiscal year.

Strengthening Macroeconomic Stability

The central bank notes that the sustained surge in inflows is a critical factor in maintaining external sector stability. This influx of dollars is helping to:

Bolster Foreign Exchange Reserves: Providing the necessary liquidity to manage import payments and debt servicing.

Support the Taka: Helping to stabilize the national currency against the US dollar in the open market.

Drive Rural Economy: Direct cash transfers to millions of households across Bangladesh, fueling domestic consumption and poverty alleviation.

Factors Behind the Surge

Economic analysts attribute the $3 billion milestone to several factors, including the government's continued 2.5% cash incentive on remittances, a more favorable exchange rate, and the recent introduction of the ‘Probashi Card’ and other worker-friendly initiatives announced by the government.

With two months still remaining in the fiscal year, Bangladesh is well-positioned to set a new annual record for remittance earnings, further reinforcing the country's macroeconomic resilience amidst global economic shifts.

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