Bangladeshi expatriates sent approximately $1.96 billion in remittances during the first 21 days of April in the 2024–25 fiscal year, reflecting a continued upward trend in foreign income inflows. This follows a record-breaking March, when remittances peaked at $3.29 billion—the highest monthly figure in the country’s history.

According to the latest update from Bangladesh Bank, the remittance inflow for the first three weeks of April 2025 has nearly matched the full-month total for April 2024, which stood at $2.04 billion. In comparison, during the same 21-day period in April 2024, remittances amounted to $1.39 billion, highlighting a notable year-on-year increase.

On April 21 alone, remittance inflows amounted to $85 million, bringing the cumulative remittance for the fiscal year—starting from July 2024 to April 21, 2025—to $23.75 billion. This marks a 28.6% rise from the $18.47 billion recorded during the same period in the previous fiscal year.

Officials at Bangladesh Bank attribute this robust performance to several contributing factors, including an increasing number of overseas workers, streamlined remittance channels, and government efforts to encourage the use of legal transfer systems. The implementation of incentive schemes and the strengthening of financial institutions’ digital infrastructure have also played a role in enhancing the flow of remittances.

The central bank continues to monitor and support policy measures aimed at sustaining this growth, which remains crucial for macroeconomic stability. Remittances are a key component of Bangladesh’s foreign exchange reserves and are instrumental in supporting domestic consumption, reducing poverty, and funding imports amid global economic uncertainties.

This steady rise in remittance earnings comes at a time when Bangladesh is working to manage its balance of payments and maintain a stable currency exchange environment. With inflationary pressures and import costs still elevated, remittances provide an essential buffer for the economy.

Economists note that as remittance volumes increase, there is also a need for more targeted investment of these funds in productive sectors to maximize their long-term impact on economic development. The government and private sector are exploring ways to channel remittance inflows into small and medium enterprises (SMEs), infrastructure projects, and other strategic sectors.

The outlook for the remainder of the fiscal year remains optimistic, with remittance flows expected to remain strong, particularly as global labor markets stabilize and migration opportunities expand.