Bangladesh's remittance propelled forex reserves stand at $27.35bn
Bangladesh received $24.38 billion in remittance in the first ten months of the ongoing 2024-25 fiscal year, marking a 27.5% jump from $19.12 billion in the same period last FY. The highest monthly inflow came in April 2025, hitting $2.8 billion.
The surge has boosted liquidity in the banking system and helped rebuild the country's foreign exchange reserves. As of May 4, 2025, gross reserves stand at $27.35 billion, while BPM6-compliant reserves are at $21.97 billion.
The rise in formal remittance flows reflects a mix of strong policy moves and global trends. A 2.5% government incentive is pushing more remitters to use legal channels.
The strong US dollar is also encouraging larger transfers, as overseas workers get more taka per dollar.
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