Remittance Inflow Exceeds $1.43 Billion in First 15 Days of October, Growth Over $120 Million

Staff Reporter | PNN:
In the first half of October, remittance inflows to Bangladesh rose to a record level. According to the latest statistics from Bangladesh Bank, approximately $1.435 billion (USD 143.5 million) entered the country in the first 15 days of October, which is $125 million higher than the same period last year.

On average, $95.6 million per day flowed into the country, equivalent to about BDT 11,670 crore at an exchange rate of 1 USD = 122 BDT.

Arif Hossain Khan, Executive Director and Spokesperson of Bangladesh Bank, said, “The flow of remittances has maintained a strong momentum since the start of the current fiscal year. This success is a result of the government and Bangladesh Bank’s joint incentive programs and increased awareness of sending money through legal channels.”

From the beginning of FY 2025–26 until 15 October, total remittance inflows amounted to $9.021 billion, which is approximately 14.8% higher than $7.853 billion during the same period of the previous fiscal year.

According to Bangladesh Bank:

• July: $2.478 billion
  
  

• August: $2.421 billion
  
  

• September: $2.685 billion
  
  

This three-month period showed continuous growth, which has further accelerated in October.

In March of FY 2024–25, monthly remittance reached a record $3.29 billion, the highest single-month inflow in the country’s history at that time. Total remittance for the full fiscal year reached $30.33 billion, about 26.8% higher than the previous year.

In comparison, total remittance in FY 2023–24 was $23.91 billion, which increased significantly the following year.

Economic analysts believe that with the continued growth of overseas employment, anti-hundi measures, and improvements in digital remittance systems, remittances in the current fiscal year could reach a new record.

A Bangladesh Bank official said, “If the current trend continues, remittance inflows by the end of October could exceed $3 billion. This will further stabilize foreign currency supply in the economy.”