Staff Correspondent:

Remittance inflows to Bangladesh have exceeded $10 billion in the first four months (July–October) of the 2025–26 fiscal year, marking a 14.5 percent increase compared to the same period last year.

Bangladesh Bank Assistant Spokesperson Shahriar Siddiqui confirmed that remittance inflow crossed the $10 billion threshold within the first 29 days of October.

In the same period of FY 2024–25, the total inflow was $8.75 billion.

During the first 29 days of October alone, $2.43 billion was remitted through banking channels, up 10.2 percent from $2.20 billion in October 2024. On 29 October, remittance inflow reached $93 million.

In September, inflows amounted to $2.68 billion, a 12 percent increase over September 2024, while August recorded $2.42 billion, up 9 percent year-on-year. July’s remittance stood at $2.47 billion.

Banking officials attributed the growth to robust expatriate earnings, which have positively impacted foreign currency reserves and eased pressure on the US dollar in the exchange market.

Strict government measures against illegal money transfers, alongside incentives to encourage sending earnings through formal channels, have also contributed to the rise.

According to the latest Bangladesh Bank data, the country’s gross foreign exchange reserves now stand at $32.14 billion, while reserves under the IMF’s BPM6 standard have risen to $27.34 billion.

In FY 2024–25, remittances from overseas Bangladeshis reached a record $30.33 billion, up nearly $6.5 billion or 27 percent compared to FY 2023–24.