Remittances jump 62.8 per cent in first six days of July

Remittances jump 62.8 per cent in first six days of July

Online Desk

Published: 2026-07-07 19:17:30

Remittances sent by Bangladeshi expatriates rose sharply in the first six days of July, with inflows reaching US$696 million, while the country's foreign exchange reserves remained close to US$38 billion, according to the latest data from Bangladesh Bank.

The central bank said expatriate Bangladeshis sent home US$696 million through official banking channels between July 1 and July 6, 2026, compared with US$427 million during the same period of the previous fiscal year.

The inflow represents a 62.8 per cent year-on-year increase, reflecting continued use of formal banking channels by migrant workers to remit earnings.

On July 6 alone, Bangladesh received US$129 million in remittances.

Bangladesh Bank also reported that the country's gross foreign exchange reserves stood at US$37.85 billion as of July 6. Under the International Monetary Fund's Balance of Payments and International Investment Position Manual (BPM6) methodology, the reserves were recorded at US$33.20 billion.

The combination of strong remittance inflows and stable foreign exchange reserves is expected to support Bangladesh's macroeconomic stability amid continuing global economic uncertainty.

During the 2025–26 fiscal year, Bangladeshi expatriates sent a record US$35.34 billion in remittances through official banking channels.