Highlight:
In the first 30 days of August, Bangladesh received $2.229 billion in remittances, averaging over $74 million per day. This marks a 1.9% increase compared to the same time last year, showing steady growth in foreign earnings.
Remittance Flow in August
According to Bangladesh Bank, from August 1 to 30, the country received $2.229 billion in remittances. On average, that means migrants sent $74.3 million every single day.
In comparison, during the same period last year, remittances stood at $2.187 billion. This shows an increase of 1.90% year-on-year.
Remittance in the Last Three Days
Between 28–30 August, Bangladesh received $142 million in remittance. This indicates that the flow of money from migrant workers remained strong even at the end of the month.
Read More: Tanvir Bari Hamim Slams Authorities Over Attack on CU Students
July–August Total Remittance
From July to 30 August of the current fiscal year, Bangladesh received a total of $4.707 billion in remittances. Compared to the same time last year, this marks a growth of 14.8%, showing a positive trend in foreign income.
Remittance Distribution by Banks in July
In July alone, Bangladesh received $2.478 billion in remittances. The inflow came through different types of banks:
-
State-owned banks: $547.63 million
-
Specialized banks: $229.22 million
-
Private banks: $1.689 billion
-
Foreign banks: $11.3 million
Record-Breaking Fiscal Year 2024–25
In the 2024–25 fiscal year, Bangladeshi migrants sent a total of $30.32 billion (3,032 crore 80 lakh dollars). This is the highest amount of remittance in the country’s history for a single fiscal year, showing the vital role of migrant workers in supporting the economy.
Source: Somoy TV
