Remittance inflow in the first ten months and eleven days of this fiscal year surpassed $25 billion, breaking all previous records.
Bangladeshi migrants sent home $2.75 billion in the month
While Saudi Arabia remains the top destination for Bangladeshi migrant workers, it is the United States (US) and the United Arab Emirates (UAE) that are leading in remittance contributions despite hosting comparatively smaller migrant populations.
Bangladesh received a record $3.29 billion in remittances in March -- the highest monthly figure to date -- marking a 65 percent year-on-year surge.
Remittance inflow posted a 65% year-on-year jump
The inflow was 82.46 percent higher than the same period last year, according to industry insiders.
Remittance inflows surged by around 78 percent year-on-year in the first 19 days of March as migrant workers sent more money home to relatives ahead of Eid-ul-Fitr, the largest religious occasion in the country.
According to BB data, total remittance inflows from the top 30 countries stood at $15.96 billion during FY25
Migrants sent home $2.52 billion in February
December has brought some good news! Remittance hit a record high, taking the total for the 2024 calendar year to $26.87 billion. Exports surged too, pushing the final annual figure to $50 billion.
Remittance inflow also broke single-month record in December
Migrant Bangladeshis sent in $2.40 billion in September, 8.12% higher than August
Bangladesh’s remittance inflow fell to a 10-month low of $1.90 billion in July as expatriates were unable to send funds for some time due to an internet blackout centring the students’ quota reform movement.
Banks could not receive any remittance in the five days of countrywide internet blackout this month
