Expatriate Bangladeshis sent US$2.56 billion remittances in October, which was around 7 percent higher than the corresponding month of the previous year.
The wage earners sent $2.39 billion remittance to the country in October of 2024.
Talking to BSS, industry insiders observed that Bangladesh has been witnessing a growing trend in remittance inflows since December of last year due to multiple factors.
The factors include a narrowing gap between official and informal exchange rates, a crackdown on money laundering, and a renewed sense of patriotism among expatriates following last year's political changeover, they mentioned.
Meanwhile, the remittance inflow to Bangladesh has surpassed $10 billion in the first four months (July–October) of the 2025-26 fiscal year.
According to information provided on Thursday by Bangladesh Bank’s Assistant Spokesperson Shahriar Siddiqui, the remittance inflow exceeded $10 billion within the first 29 days of October, marking a 14.5 percent increase compared to the same period in FY 2024-25.
In the same period last fiscal year, total remittance inflow stood at $8.75 billion.
During the first 29 days of October alone, $2.43 billion was remitted through the country’s banking channels, up 10.2 percent from $2.20 billion in October 2024. On October 29 alone, remittance inflow was $93 million
In September 2025, remittance inflow amounted to $2.68 billion, recording a 12 percent increase over September 2024. In August, remittance reached $2.42 billion, up 9 percent year-on-year. In the first month of the fiscal year, July, remittance inflow was $2.47 billion.
Banking sector officials said robust growth in expatriate earnings has positively impacted the country’s foreign currency reserves, easing pressure on the dollar in the exchange market. Strict government measures against illegal money transfers and incentives to encourage sending earnings through legal channels have played a key role in boosting remittance inflow.
In FY 2024-25, remittance from overseas Bangladeshis hit a record $30.33 billion, up nearly $6.5 billion or 27 percent compared to FY 2023-24.