on-resident Bangladeshis channelled $11.687 billion ($11,687 million) into the country through official banking channels during the first four months of the 2026–27 fiscal year, spanning 1 July to 1 November. Figures released by Bangladesh Bank highlight a robust year-on-year growth of 14.7 per cent, up from $10.192 billion ($10,192 million) recorded during the corresponding period of the previous fiscal year.
The upward trajectory was particularly pronounced on the opening day of November. On 1 November alone, expatriates remitted $222 million (22.2 crore US dollars), representing a sharp increase compared to the $43 million (4.3 crore US dollars) registered on the exact same date last year. This single-day figure underscores a more than fourfold expansion in inbound transfers, pointing to sustained momentum as the second quarter unfolds.
Financial analysts attribute this persistent rise in official foreign transfers to a combination of policy adjustments and market dynamics. The alignment of exchange rates closer to prevailing market conditions, alongside administrative measures to curb informal channels such as hundi, has encouraged migrant workers to utilise formal financial networks. Incentive structures offered by the central bank and commercial institutions have further reinforced this shift toward legal remittances.
This inflow comes at a crucial juncture for the national economy. A steady supply of foreign currency directly fortifies official foreign exchange reserves, easing liquidity pressures within the banking sector and helping stabilise the national currency against external shocks. Beyond macro-level indicators, these funds continue to support domestic consumption, offering a vital financial cushion for millions of households dependent on overseas earnings. Economists note that maintaining this pace will be essential for managing import liabilities and maintaining overall macroeconomic stability over the coming quarters.
