Dhaka, Mar 22 (V7N) – The remittance sent to Bangladesh saw a significant hike of $2.25 billion in the first 19 days of March.

This inflow was reported as a 78.4% year-on-year rise, but expected as the figures usually spike before the two Eid festivals in the country.


On March 19 alone, $132 million in remittance flowed into Bangladesh, according to Bangladesh Bank data.

Last year, the country logged a total of $1.26 billion during the same period, Bangladesh Bank Spokesperson Arif Hossain Khan told the media on Thursday.

Between July and March 19 of this year, Bangladesh received $20.74 billion in remittance, 27% higher than the $16.33 billion received during the same period in the previous year.

Bankers said a huge amount of money used to come through hundi channels.


But now the difference in interest between the open market and banking channels has narrowed, prompting expatriates to send remittances through banking channels, they also remarked.

According to central bank data, expatriates have sent remittances of $20.74 billion during the July 2024 - 19 March 2025 of the current fiscal, which was only $16.33 billion during the same period of the previous fiscal.

Accordingly, remittances have increased by $4.41 billion or 26.9% in a span of about nine months.

 

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