Following a record-breaking $3.29 billion in remittances before Eid in March, Bangladesh continues to see a strong inflow, with $2.27 billion received in the first 26 days of April, according to a Bangladesh Bank report.

At an exchange rate of TK 122 per dollar, this amounts to over Tk 27,706 crore, averaging $87.3 million (Tk 10.66 crore) daily.

The April remittances break down as follows: $853.8 million through state-owned banks, $119.4 million via a specialized bank, $1,293.5 million through private banks, and $427 million via foreign banks.

March set a new historical high with $3.29 billion (Tk 40,138 crore), surpassing the previous record of $2.64 billion in December and averaging $106.1 million (Tk 12.95 crore) daily.

This marks a significant increase from March last year, which saw $1.71 billion—a rise of $1.58 billion. For the first nine months of the 2024-25 fiscal year (July-March), remittances totalled $21.78 billion, up $4.7 billion from $17.08 billion in the same period last year.

The fiscal year began strongly, with monthly remittances consistently exceeding $2 billion since August: July ($1.91 billion), August ($2.22 billion), September ($2.40 billion), October ($2.40 billion), November ($2.20 billion), December ($2.64 billion), January ($2.19 billion), February ($2.53 billion), and March ($3.29 billion). This sustained inflow highlights the critical role of expatriate income in bolstering Bangladesh’s economy.