ISLAMABAD: Bangladesh’s remittance inflows rose sharply in January, posting a year-on-year growth of more than 51% in the first 26 days of the month, according to data released by the Bangladesh Bank.
The bank reported remittances totaled $2,708 million during the period, compared with $1,789 million in the corresponding period last year.
The surge adds to strong inflows seen so far in the current fiscal year. From July through Jan. 26, expatriate workers sent home $18.97 billion, up from $15.57 billion during the same period of the previous fiscal year, representing a 22% increase.
In December, the country recorded its second-highest monthly remittance inflow in history, reaching $3.23 billion, with the record month coming in March 2025, Bangladesh Sangbad Sangstha (BSS) reported.
According to BSS, economists say the rise in remittances has strengthened Bangladesh’s foreign exchange reserves, which have rebounded from a multi-year low and stood at over $31 billion under the central bank’s traditional measure by mid-2025.
Remittances are supporting the country's balance of payments, ensuring a strong and sustainable inflow of foreign currency amid persistent challenges such as inflation, economic slowdowns, and rising debt levels, BSS says.
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