Expatriates sent a record US$30.32 billion in remittances in the just-concluded 2024-25 fiscal year, marking a 26.8 percent year-on-year increase from the US$23.9 billion received in FY2023-24.
According to the latest data from Bangladesh Bank, the historic amount was received between July 2024 and June 2025, making it the highest annual remittance inflow in the country’s history.
In June 2025 alone, the remittance inflow stood at US$2.81 billion, an 11 percent rise compared to US$2.53 billion in June 2024.
The highest single-month remittance in FY2024-25 was recorded in March, when inflows surged past the US$3 billion mark, driven by Eid-ul-Fitr-related transfers.
Bangladesh received $2.7 billion remittances in 29 days of June
This not only marked the peak for the fiscal year but also set a new monthly record for Bangladesh.
Banking sector insiders attributed the surge to a growing preference among expatriates for using formal banking channels over informal ones such as hundi.
They believe the positive trend will help ease pressure on the country’s foreign exchange reserves and support import payments.
The inward remittance flow throughout FY2024-25 was as follows:
June: US$2.81 billion
May: US$2.97 billion
April: US$2.75 billion
March: US$3.29 billion
February: US$2.53 billion
January: US$2.19 billion
December: US$2.64 billion
November: US$2.20 billion
October: US$2.39 billion
September: US$2.40 billion
August: US$2.22 billion
July: US$1.91 billion