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Dhaka, May 4, 2025 – Bangladesh recorded a robust inflow of $2.752 billion in remittances during April 2025, marking the second-highest monthly remittance figure in the country’s history.
According to Bangladesh Bank, this translates to approximately BDT 33,574 crore (at an exchange rate of BDT 122 per USD), with a daily average remittance of $91.7 million or BDT 1,119 crore. The strong remittance flow, even after the Eid festivities, underscores the sustained contribution of Bangladeshi expatriates to the nation’s economy.
The highest single-month remittance was recorded in March 2025 at $3.29 billion, followed by $2.64 billion in December 2024. April’s figures reflect a positive trend in remittance inflows, driven by the government’s stringent measures against illegal money transfer channels like hundi. “The current government’s tough stance on money laundering has significantly reduced transactions through illicit channels, boosting formal banking channels,” said a Bangladesh Bank official.
For the first ten months of the 2024-25 fiscal year (July 2024 to April 2025), remittances totaled $24.54 billion, a 28.3% increase compared to $19.12 billion in the same period of the previous fiscal year. This surge has been a key driver in stabilizing and enhancing the country’s foreign exchange reserves. Bangladesh’s gross reserves, which hit a historic high of $48.06 billion in August 2021, had dwindled to $20.39 billion by July 2024 due to consistent drawdowns. However, since the political transition in August 2024, the central bank has halted dollar sales from reserves. As of now, gross reserves stand at $27.41 billion, with usable reserves at $22.04 billion.
Arif Hossain Khan, Executive Director and Spokesperson of Bangladesh Bank, highlighted that the steady rise in remittances is strengthening the country’s economic resilience. The increased inflow is also aiding in stabilizing the exchange rate and easing the debt servicing burden, providing a critical buffer amid global economic challenges.
The consistent remittance inflows are expected to further support Bangladesh’s foreign exchange reserves, enhance liquidity in the banking system, and foster economic stability in the coming month.
AI/MR
