Published: 12:04 AM, 29 July 2026
Remittance jumps 20% in first 27 days of July
Remittance inflow to Bangladesh reached $2,524 million ($2.52 billion) in the first 27 days of July, the first month of fiscal year 2026-27, according to the latest data from Bangladesh Bank.
This reflects a 20.2 percent year-on-year growth compared to the $2.10 billion received during the corresponding period (July 1-27) of the previous FY2025-26.
Central bank figures showed that Bangladeshi expatriates living in different countries sent home $87 million on July 27 alone.
The continued robust momentum in the remittance inflow through formal banking channels at the start of the new fiscal year is expected to bolster the country's foreign exchange reserves and help maintain macroeconomic stability.
Bangladesh received a record $35.56 billion in remittances in FY26, the highest remittance earnings so far in a single fiscal year.
The year-on-year growth was a 17.3 percent increase compared to $30.33 billion in FY25.
Bangladesh's remittances strengthen consumption, foreign exchange and economic stability. Its remittance inflow rose even during COVID-19 and the 2024 protests, as policy changes and action against hundi networks - informal money transfer systems - pushed migrants toward formal channels. Yet this dependence hides structural weaknesses as most inflows fund consumption and low-skill migration is still dominant. Unlike Nepal's remittance trap, Bangladesh has a broader economic base, but long-term resilience depends on shifting remittances into skills, productive finance and stronger formal systems to support more sustainable development.
