Remittance hits $1.44b in first 12 days of April

Bangladesh recorded a strong inflow of remittances in the first 12 days of April, with expatriates sending $1.437 billion during the period, according to the latest data from Bangladesh Bank.

At an exchange rate of Tk 122 per US dollar, the amount is equivalent to approximately Tk 17,531 crore.

The figure shows a notable increase compared to the same period last year, when remittance inflows stood at $1.052 billion. This marks a rise of $385 million, or about Tk 4,697 crore.

Bangladesh Bank data indicate that remittance inflows have remained robust in recent months. March last year recorded a historic high of $3.2956 billion, the highest monthly inflow in the country’s history. In comparison, March this year also maintained a strong performance, registering an estimated 14 percent year-on-year growth.

Other high-inflow months include December 2025, when remittances reached $3.2266 billion, and January 2025, when inflows stood at $3.17 billion.

Officials attributed the continued growth partly to ongoing geopolitical tensions in the Middle East, which have affected global foreign exchange markets and increased demand for the US dollar. Exchange rate fluctuations, as a result, have led to higher local currency returns for remittance senders.

Stressing the importance of maintaining strong foreign exchange reserves to safeguard against external shocks, economists cautioned that prolonged instability in the Middle East could have broader macroeconomic implications for Bangladesh.

EAR/MHK