Wednesday, April 22, 2026

Record Remittance Inflow in First Week of December, Positive Momentum Returns to Economy


Symbolic Photo: Dollar and Bangladesh Bank (Collected)

Staff Report: PNN
Bangladesh has witnessed a record remittance inflow in the first week of December. Within the first eight days, the country received $1 billion in overseas earnings. Officials say that if this trend continues, remittance could exceed $5 billion by month-end, providing strong momentum to the economy at the start of the fiscal year.

Increased remittances have also significantly boosted dollar supply through banking channels. To manage the additional supply and stabilize the foreign exchange market, Bangladesh Bank purchased $20.2 million from 13 commercial banks through a multiple price auction system, at rates between BDT 122.27 and 122.29 per dollar. During the first half of FY 2025–26, Bangladesh Bank’s total dollar purchases reached $2.5 billion.

According to Arif Hossain Khan, Executive Director and spokesperson of Bangladesh Bank, $1 billion in remittances entered the country from December 1–8, including $131 million on December 8 alone. Compared to $831 million during the same period last year, this represents a 21% increase.

From July 2025 to December 8, total remittance inflow was $14.04 billion, a 17% increase over the same period last year. Officials attribute the growth to strict anti-hundi measures, incentives, and improved banking channels. The increase in remittances positively affects foreign exchange reserves.

In November alone, Bangladesh received $2.8895 billion in remittances, approximately BDT 35,252 crore at BDT 122 per dollar. Economists predict that sustained remittance inflows could strengthen reserves and stabilize the currency market in the first quarter.

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PNN

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