DHAKA, June 29 (V7N) – Bangladesh has achieved a significant economic milestone, with remittance inflows surpassing the US$30 billion mark for the first time, setting a new record. According to data released by the Bangladesh Bank, expatriates sent a total of $30.04 billion in remittances between July 1, 2024, and June 28, 2025. This represents a substantial 26.5 percent growth compared to the previous fiscal year (FY2023-24), when remittances totaled $23.28 billion.

The impressive surge comes with two days still remaining in the current fiscal year (FY2024-25). In the first 28 days of June alone, expatriates remitted $2.53 billion, an increase from $2.37 billion in the corresponding period last year.

Earlier this month, Bangladesh Bank Governor Dr. Ahsan H Mansur had expressed optimism about the remittance flow, confidently predicting that the inflow would reach $30 billion in FY2024-25. He attributed this positive trend to the restored trust in the country’s formal financial system.

The monthly breakdown of remittance inflows for FY2024-25 (July-May) further illustrates this robust performance. Except for July 2024, remittance inflows consistently exceeded the $2 billion mark each month:

May: $2.97 billion

April: $2.75 billion

March: $3.29 billion (reportedly the highest single-month inflow on record)

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

July: $1.91 billion

This record-breaking remittance inflow is a crucial boost for Bangladesh's economy, contributing significantly to foreign exchange reserves and providing a key pillar of support for the country's balance of payments. Factors contributing to this growth often include efforts to encourage the use of formal banking channels over informal "hundi" systems, as well as a more stable exchange rate.

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