Expats remit $922m in first 11 days of May

Bangladesh received US $922 million in inward remittance in the first 11 days of May, according to a revised update released by Bangladesh Bank on Monday evening.

This marks an increase from $814 million received during the same period in 2024, reflecting a 13.3 percent year-on-year growth in remittance inflow for May 1-11.

From July 2024 to 7 May 2025-the current fiscal year (FY 2024-25)-Bangladesh received a record $25.46 billion in remittances. In comparison, the country received $19.72 billion during the same period in the previous fiscal year (July 2023 to 7 May 2024), indicating a 27.7 percent rise in remittance inflow.

Expatriates sent $24.54 billion in remittances during the first 10 months (July to April) of FY 2024-25, already surpassing the total remittance received throughout FY 2023-24.

The monthly breakdown of remittance inflow during the current fiscal year is as follows:

April: $2.75 billion

March: $3.29 billion

February: $2.53 billion

January: $2.19 billion

December: $2.64 billion

November: $2.20 billion

October: $2.39 billion

September: $2.40 billion

August: $2.22 billion

July: $1.91 billion