Strong Start to July for Remittance
In the first 12 days of July 2025, Bangladeshi expatriates have sent $1.07 billion in remittance back home.
Based on an exchange rate of Tk 121 per dollar, this equals nearly Tk 13,000 crore.
If this strong flow continues throughout the rest of the month, total remittance in July may cross $2.76 billion, according to estimates by officials.
Bangladesh Bank Confirms the Numbers
This information was shared on Sunday (13 July) by Arif Hossain Khan, Executive Director and Spokesperson of Bangladesh Bank.
Officials said the remittance has been sent through official banking channels, which has helped bring relief and stability to the country’s foreign exchange reserves.
Read More: Foreign Investment in Bangladesh More Than Doubled in Early 2025
Govt Measures Helping to Stop Hundi
Bangladesh Bank officials noted that several steps have helped improve remittance inflow, including:
-
Government actions against illegal money transfers (Hundi)
-
Special incentives for remittance senders
-
Improved and easier banking services for expatriates
These efforts have encouraged more people to use legal ways to send money.
June 2025: Remittance Also Hit High
In the previous month, June 2025, remittance reached $2.82 billion, which was 11% higher than the amount sent in June 2024.
Record Remittance in 2024–25 Fiscal Year
The 2024–25 fiscal year saw a record-breaking remittance flow.
According to the latest data from Bangladesh Bank:
-
Total remittance for the year was $30.33 billion
-
That’s about 27% more than the $23.74 billion received in the 2023–24 fiscal year
-
This is now the highest ever remittance total for a single fiscal year in Bangladesh
This growth has brought economic stability and eased the pressure on the US dollar supply in the country.
Foreign Exchange Reserves Also at 2-Year High
By the end of the 2024–25 fiscal year, Bangladesh’s total foreign exchange reserve stood at $31.68 billion, the highest in two years.
For comparison:
-
In June 2023, the reserve was $31 billion
-
At the end of 2023–24, it was $26.71 billion
IMF Calculation: BPM-6 Reserve Also Improved
As per IMF’s BPM-6 method (a global accounting system for reserves):
-
The reserve at the end of 2024–25 was $26.66 billion
-
At the end of 2023–24, it was $21.68 billion
Reserve May Reach $34 Billion Next Year
Looking ahead, the Finance Ministry has predicted that by the end of the 2025–26 fiscal year, Bangladesh’s reserve could grow to $34 billion.
According to the Medium-Term Macroeconomic Policy Statement, the government expects:
-
10% growth in exports
-
8% growth in imports
-
8% growth in remittance inflows
These forecasts are part of the government’s plan to maintain a stable and growing economy.
Source: Daily Jugantor
