Bangladesh receives $2.859b in remittances in July

Bangladesh received $2.859 billion in remittances in July, the first month of the 2026–27 fiscal year, marking a 15.4% increase from the $2.478 billion recorded in the same month last year.

According to the latest data from Bangladesh Bank, expatriate Bangladeshis sent $152 million through official banking channels during the final two days of July (July 30–31), pushing the month’s total remittance inflows to $2.859 billion.

The central bank said the steady rise reflects the continued preference among overseas Bangladeshis to use formal banking channels for sending money home. Economists attribute the growth to incentives for legal remittance transfers, higher earnings among migrant workers and improvements in banking services.

Remittances remain one of Bangladesh’s largest sources of foreign exchange, playing a vital role in financing imports, strengthening foreign exchange reserves and supporting exchange rate stability. The inflows also boost rural economies by supporting household consumption, savings and investment.

Bangladesh Bank officials expressed optimism that remittance inflows will remain strong throughout the current fiscal year if the use of legal transfer channels continues to grow, helping maintain the country’s external sector stability.