Remittances exceed $3bn for fifth straight month

Bangladesh Bank data shows that April’s inflow was about 14% higher than the $2.75 billion received in the same month last year, indicating steady growth in remittances through formal channels

Remittances exceed $3bn for fifth straight month
Representational photo

Bangladesh continued to record strong remittance inflows, with expatriates sending $3.13 billion in April. This marks the fifth consecutive month in which remittances have exceeded $3 billion.

Latest data from Bangladesh Bank shows that April’s inflow was about 14% higher than the $2.75 billion received in the same month last year, indicating steady growth in remittances through formal channels.

In local currency, the April inflow is around Tk 38,149 crore, based on an exchange rate of Tk 122 per US dollar.

Central bank data also shows a strong recent trend in remittance inflows. The highest monthly inflow on record was in March this year at $3.75 billion. This was followed by $3.29 billion in March last year, $3.22 billion in December 2025, and $3.17 billion in January this year.

Bankers expect remittances to rise further in May due to seasonal factors, as expatriate workers usually send more money ahead of Eid-ul-Azha to support their families.

They also said that strict action against money laundering and informal transfer systems such as hundi will be important to sustain growth in official remittance channels.

Meanwhile, global developments are starting to affect foreign exchange markets. Ongoing tensions in the Middle East have increased demand for the US dollar, pushing up exchange rates against local currencies. As a result, expatriates are currently receiving more taka for each dollar sent home.

Economists warn that if geopolitical tensions continue, Bangladesh’s external sector could face pressure, as seen in other economies. They suggest maintaining strong foreign exchange reserves to reduce risks and ensure economic stability.