Saudi Arabia Leads as Monthly Remittances Reach 2.85 Billion Dollars

Non-resident Bangladeshis channelled 2.858 billion US dollars in remittances during July, the opening month of the 2026–27 financial year. The encouraging surge in formal banking transfers provides much-needed support to the country’s foreign exchange reserves and broader macroeconomic stability.

Data released by the Statistics Department of Bangladesh Bank reveals that the vast majority of these funds originated from a small group of key partner nations. The top ten remittance-generating countries contributed 86.27 per cent of the total monthly influx, amounting to 2.466 billion US dollars.

Saudi Arabia retained its traditional position as the primary source of expatriate earnings, driven by its status as Bangladesh’s largest overseas labour market. Expatriates based in the Kingdom dispatched 587.29 million US dollars back home during the month. The United Kingdom emerged as the second-largest source country, contributing 396.74 million US dollars, while the United States ranked third, with transfers totaling 273.10 million US dollars across the Atlantic.

The United Arab Emirates closely followed, generating 255.50 million US dollars, while Italy stood fifth globally and first within continental Europe, forwarding 203.10 million US dollars. Significant flows were also recorded from Southeast Asian and Middle Eastern hubs, with Malaysia sending 201.30 million US dollars, Kuwait accounting for 148.70 million US dollars, and Oman contributing 141.90 million US dollars. Singapore and Qatar rounded out the top ten source markets, yielding 136.90 million US dollars and 121.50 million US dollars respectively.

European Contributions and Wider Geographical Reach

Beyond the primary corridors, European economies continue to supply steady streams of capital. France accounted for 40.60 million US dollars, while smaller migrant communities in Portugal, Greece, Spain, and Germany sent home 18.10 million, 17.40 million, 12.20 million, and 11.80 million US dollars respectively.

Non-European and non-Middle Eastern labour destinations also maintained a noticeable footprint. Workers in South Africa remitted 36.50 million US dollars, while those in Jordan transferred 35.30 million US dollars. Farther afield, South Korea generated 27.10 million US dollars, Australia yielded 21.30 million US dollars, and Canada supplied 17.00 million US dollars.

All remaining nations combined contributed 392.28 million US dollars to the national exchequer.

Senior banking officials attribute the buoyant start to the fiscal year to targeted government policy measures, including financial incentives for using formal banking channels and simplified administrative procedures. Financial analysts expect the sustained momentum to bolster national foreign currency reserves and ease liquidity pressures across the commercial banking sector.