Staff Correspondent:

Expatriates sent US$2.7 billion in remittances during the first 29 days of June, pushing Bangladesh’s total remittance earnings to $30.21 billion so far this fiscal year.

Blessed by strong remittance inflows and foreign aid, Bangladesh’s gross foreign exchange reserves rose to $31.68 billion on June 30, though the BPM6-compliant figure stood at $26.66 billion on the same day.

According to the Bangladesh Bank’s latest update, June 01-29 in 2024, expatriates sent $2.37 billion remittance.

Accordingly, Bangladesh remittance earnings saw a growth by 14.1 percent year-on-year.

July-June 29, of the previous fiscal year, FY2023-24, Bangladesh received $23.74 billion remittance. Compared to this, while at the same time of FY2024-25, remittance earnings reached $30.21 billion. Compared to this, remittance earnings saw a growth of 27.2 percent.

THE INWARD REMITTANCE FLOW IN THE FY2024-25 IS AS FOLLOWS:

• June (1-29) 2.7 billion
• May $2.97 billion
• April: $2.75 billion
• March: $3.29 billion
• February: $2.53 billion.
• January: $2.19 billion
• December: $2.64 billion
• November $2.2 billion
• October: $2.39 billion
• September: $2.4 billion
• August: $2.22 billion
• In July: $ 1.91 billion