Remittances worth one billion dollars arrived in 12 days

Remittances worth one billion dollars arrived in 12 days
প্রতীকী ছবি

Staff reporter

Published: 2025-08-13 18:52:09

Updated on: 2025-08-29 03:47:42

Remittances worth about one billion US dollars arrived in the first 12 days of August of the 2025-26 fiscal year. In local currency, which is about 12,858.8 million taka (based on 122 taka per dollar).

Bangladesh Bank Executive Director and Spokesperson Arif Hossain Khan confirmed this information on Wednesday.

He said that remittances worth 1,054 million dollars arrived in the 12 days of August. In the same period last year (the first 12 days of August 2024), remittances worth 721 million dollars arrived in the country. This is about 333 million dollars or 463 million taka more than the same period this year. The growth in remittances in the 12 days of August is 34 percent.

Earlier, remittances worth 2477.91 million dollars arrived in the country in July of the first month of the 2025-26 fiscal year. Which is about 30,239 million taka in Bangladeshi currency. However, no remittances were received through 8 banks in July. These include the state-owned Bangladesh Development Bank (BDBL) and Rajshahi Krishi Unnayan Bank (RAKB). In the private sector, Community Bank, ICB Islami Bank and Padma Bank and among foreign banks, Habib Bank, National Bank of Pakistan and State Bank of India.

The highest remittance of $3.29 billion was received in March of the last fiscal year 2024-25, which was a record amount for the year. Throughout the entire fiscal year (2024-25), expatriate income was $30.33 billion. This is 26.8 percent more than the previous fiscal year. In the fiscal year 2023-24, remittances came in at $23.91 billion.

In July of the 2024-25 fiscal year, $191.37 billion came in, $222.13 billion in August, and $240.41 billion in September. The following months, remittances worth $2.395 billion came to the country in October, $2.2 billion in November, and $2.64 billion in December. Then, $2.19 billion came in January, $2.53 billion in February, $3.29 billion in March, $2.75 billion in April, $2.97 billion in May, and $2.82 billion in June.

Analysts say that the remittance flow is on a positive trend due to the incentives announced by the government and the easing of the path of expatriate income.