Saturday, 13th June 2026
Khabor Wala Desk
Published: 6th May 2026, 9:31 AM
Bangladesh has recorded a strong rise in remittance inflows in the opening days of May, reflecting continued resilience in expatriate earnings and formal money transfer channels.
According to data released on Tuesday (5 May) by Bangladesh Bank spokesperson Arif Hossain Khan, the country received approximately US$456 million in remittances during the first four days of May alone. This translates to an average daily inflow of around US$114 million, indicating a robust start to the month.
The figure marks a significant improvement compared with the same period last year, when remittances stood at US$312 million. The year-on-year growth underscores a sustained upward trend in migrant workers’ contributions to the national economy.
From July to 4 May of the current fiscal year, Bangladesh has received a total of US$29.79 billion in remittances. This represents an increase of approximately 19.9% compared with the corresponding period of the previous fiscal year, highlighting strong external inflows despite global economic uncertainties.
Monthly inflows over the past several months have also remained elevated, with March setting a historic benchmark.
March witnessed the highest monthly remittance inflow in the country’s history, amounting to approximately US$3.76 billion. February and January also posted strong performances, continuing the upward trajectory.
April, meanwhile, recorded remittances of US$3.13 billion, while December and November of the previous year saw inflows of US$3.23 billion and US$2.89 billion respectively.
| Period | Remittance (USD) | Approx. (USD Billion) |
|---|---|---|
| May (1–4 days) | 456 million | 0.456 |
| April | 3,127 million | 3.13 |
| March | 3,755.05 million | 3.76 |
| February | 3,020.76 million | 3.02 |
| January | 3,170.94 million | 3.17 |
| December | 3,226.7 million | 3.23 |
| November | 2,889.52 million | 2.89 |
| July–4 May (cumulative FY) | 29,789 million | 29.79 |
Economists suggest that the sustained rise in remittance inflows is being driven by increased employment of Bangladeshi workers abroad, improved use of formal banking channels, and policy incentives aimed at discouraging informal transfers.
Remittances remain one of Bangladesh’s key sources of foreign currency, playing a crucial role in stabilising the balance of payments, supporting rural consumption, and strengthening foreign exchange reserves.
With the current upward trend continuing into May, financial analysts anticipate that the fiscal year may conclude with another record-breaking total, further reinforcing the importance of the expatriate workforce to the national economy.
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