The inflow of remittances to Bangladesh through legal channels has increased significantly. Especially after the interim government took charge, remittances have been breaking records one after another.
In March and April, the country witnessed the highest and second-highest monthly remittance inflows in its history, respectively.
This momentum seems to be continuing in May as well. In the first 17 days of this month, $1.61 billion in remittances have been sent to Bangladesh, which amounts to approximately BDT 19,642 crores (calculated at BDT 122 per dollar).
On average, the country received $94.7 million daily during this period. If this trend continues, remittance inflows may surpass $3 billion this month, according to the latest report by Bangladesh Bank released on Sunday.
Breakdown of Remittance Sources:
State-owned banks: $493.3 million
Specialized banks (including Krishi Bank): Over $150 million
Private banks: $962.76 million
Foreign banks: $3.13 million
Meanwhile, nine banks reported zero remittance inflows during this period, including the Rajshahi Krishi Unnayan Bank (specialized), and private banks like Community Bank, Citizens Bank, ICB Islami Bank, Padma Bank, and Shimanto Bank PLC. Among foreign banks, Habib Bank, National Bank of Pakistan, and State Bank of India reported no inflows.
Previous Remittance Records:
March 2025: $3.289 billion – the highest single-month remittance in history (equivalent to BDT 40,138 crores).
April 2025: $2.751 billion – the second-highest monthly remittance.
February 2025: $2.527 billion;
January 2025: $2.185 billion.
Monthly Remittance Inflows in FY 2024-25:
July: $1.913 billion
August: $2.221 billion
September: $2.404 billion
October: $2.395 billion
November: $2.20 billion
December: $2.64 billion
January: $2.19 billion
February: $2.53 billion
March: $3.29 billion
April: $2.75 billion
If the current trend holds, May 2025 is set to mark another milestone in Bangladesh's remittance history.