Bangladesh sets new record with $30bn in remittance

Bangladesh has achieved a historic milestone in inward remittances, with the total crossing the $30 billion mark for the first time.

According to Bangladesh Bank data, remittance inflows reached $30.04 billion on June 28, just two days before the end of the fiscal year 2024-25—marking a 26.5 per cent increase compared to the same period last year.

This new record surpassed the previous highest remittance earnings of $24.78 billion recorded in the fiscal year 2020-21 (FY21).

Officials attribute the sharp rise in remittance to the political shift that occurred in August last year.

The change in government helped stabilise the economy and restore confidence among expatriates, contributing to a steady rebound in the country’s foreign exchange reserves.