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Bangladesh’s remittance inflow has crossed the $2 billion mark within the first 21 days of the 2026-27 fiscal year, providing a strong boost to the country’s external sector and signalling continued confidence among expatriate workers in using formal banking channels.
According to the latest data released by Bangladesh Bank, expatriate Bangladeshis sent $2.095 billion in remittances between July 1 and July 21, representing a 23.5 percent year-on-year increase.
During the corresponding period of the previous fiscal year, remittance inflows stood at $1.696 billion, meaning the country received an additional $399 million in foreign currency over the past year.
The central bank’s data show that remittance inflows maintained steady momentum throughout the month. Bangladesh received $567 million during the first five days of July, and the inflow continued at a robust pace over the following weeks, enabling the country to surpass the $2 billion milestone well before the month ended.
Economists and banking sector experts attributed the sustained growth to greater use of formal banking channels, continued government incentives for remittance senders, and ongoing efforts to discourage informal money transfer networks such as hundi.
They noted that easier digital banking services, improved exchange facilities and policy support have encouraged more expatriate workers to remit their earnings through authorised financial institutions.
If the current trend continues, analysts expect total remittance receipts for July to exceed $3 billion, potentially making it one of the strongest months on record for overseas income.
The robust inflow is expected to have several positive implications for Bangladesh’s economy. Higher remittance receipts will help strengthen the country’s foreign exchange reserves, improve the availability of foreign currency for financing imports and ease pressure on the balance of payments.
A sustained rise in remittances is also likely to support exchange rate stability, facilitate the import of essential commodities and industrial raw materials, and enhance overall macroeconomic resilience.
Bangladesh has witnessed record remittance growth in recent years as authorities intensified efforts to channel overseas earnings through the formal financial system. Policymakers view remittances as one of the country’s most important sources of foreign exchange, alongside export earnings, making the continued upward trend a key pillar of economic stability.