Dhaka, Aug 04 (V7N) – Bangladesh has started the new fiscal year on a strong note with a significant rise in remittance inflows. In July 2025, the country received $2.48 billion in remittances—equivalent to approximately Tk 30,230 crore, based on an exchange rate of Tk 122 per dollar.

The data, released by Bangladesh Bank on Sunday, shows a 29.48 percent increase compared to July 2024, when remittances stood at $1.91 billion.

According to the report, this marks the highest remittance inflow in any July over the past five years, trailing only the record $2.5982 billion received in July of FY 2020–21.

Officials and analysts attribute this rebound to a combination of political stabilization, government policy measures, and improved banking services.

“The legal channel has been made more accessible to non-resident Bangladeshis, encouraging them to send money home,” a senior Bangladesh Bank official told BSS.

The remittance flow had seen a dip following the political unrest that erupted in July 2024, when many expatriates expressed protest by withholding remittances. However, following the political transition earlier this year, confidence among NRBs appears to have been restored.

Authorities say the increased remittance is having a positive impact on the country’s foreign exchange reserves, which have been under pressure in recent months due to import costs and global market volatility.

Incentives such as the 2.5% cash bonus on remittances and crackdowns on illegal hundi networks are also believed to have contributed to this surge, alongside expanding digital and mobile banking services that make remitting funds easier and safer.

Economists suggest that maintaining this upward trend will be crucial for stabilizing the macroeconomic environment and supporting the country’s import bills, especially in the face of global financial uncertainties.

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