Remittances hit $1.14bn in 13 days of August

Bangladesh received $1.14 billion in remittances in the first 13 days of August of the fiscal year 2025-26.

According to the latest data from the Bangladesh Bank, the amount was $889 million during the same period of the previous fiscal year.

The central bank's report, released Thursday, August 14, shows a significant year-on-year increase of $255 million or 28.6 per cent monthly growth compared to August 1-13 days of FY2024-25.

The expatriates sent a record $2.48 billion remittance in the first month of the fiscal year 2025-26.

The central bank's report showed a significant year-on-year increase of 29 per cent in FY2025-26 compared to July to August (13 days) of the previous FY2024-25, when remittances totalled $3.62 billion.

In the FY2024-25 fiscal year also saw a record-breaking remittance inflow, with a total of $30.33 billion.

This represents a 27 percent increase from the $23.74 billion received in the FY2023-24, setting a new all-time high for a single fiscal year, he pointed out.

The continuous rise in remittance inflow is bringing stability to the economy and providing much-needed relief to the country's dollar supply, said Arif Hosain, spokesperson of Bangladesh Bank.

Source: UNB