Staff Correspondent:

Bangladesh received $2.97 billion in remittances in May, marking the second-highest monthly inflow in the country’s history, according to Bangladesh Bank data.

The surge comes ahead of Eid-ul-Adha, as expatriate Bangladeshis sent significant amounts to support families during the festive season.

The all-time highest monthly remittance was recorded just two months earlier, in March 2025, ahead of Eid-ul-Fitr, when remittances reached $3.29 billion.

According to the Bangladesh Bank, remittances in May 2024 stood at $2.25 billion. This year’s May figure represents a sharp 31.7% increase year-on-year.

Data from the central bank also shows that total remittances for the first 11 months of the current fiscal year (July–May) amounted to $27.51 billion — 28.7% higher than the $21.37 billion received during the same period in the previous fiscal year.