In 29 days this month, remittances amounted to 30.41 billion dollars

Bangladesh has recorded a remarkable remittance inflow of $3.041 billion in the first 29 days of December, averaging nearly $10.49 million per day, according to Arif Hossain Khan, Executive Director and spokesperson for Bangladesh Bank.

Speaking on Tuesday, Mr. Khan confirmed that the December inflow represents a significant increase from the $2.521 billion received during the same period last year, reflecting a notable year-on-year growth in remittance earnings. On 29 December alone, expatriates transferred $10.50 million back to the country.

For the current financial year, spanning July to 29 December, Bangladesh has amassed $16.079 billion in remittances, marking a 17.7 per cent increase compared to the same period in the previous year. Economists attribute this sustained growth to several factors, including government initiatives that incentivise remittances through formal banking channels, coupled with the continued confidence of expatriates in the national banking system. These trends are expected to strengthen the country’s foreign currency reserves.

A month-wise overview of remittance inflows over the past six months is as follows:

Cumulatively, remittances for the financial year 2024-25 have now reached an all-time high of $30.328 billion, making it the largest annual remittance collection in Bangladesh’s history. The record inflow underscores the vital economic contribution of expatriate workers to the nation.

Analysts note that the consistent upward trajectory of remittances not only bolsters foreign exchange reserves but also helps stabilise the local currency and supports national development projects. With ongoing government facilitation and the continued trust of the Bangladeshi diaspora, remittance inflows are expected to sustain their growth momentum in the coming months, providing a stable financial lifeline for the country.