Bangladesh has achieved a historic milestone by receiving a record $27.5 billion in inward remittances during the first 11 months (July–May) of the 2024–25 fiscal year, the highest ever recorded for the period.

The remittance flow saw a significant boost in May, as expatriates sent $2.97 billion, marking it the second-highest monthly inflow on record. According to Bangladesh Bank, $247 million alone was received in just the last three days of May (May 29–31).

Compared to the same month last year, May’s remittance inflow grew by 31.7%. In May 2023–24, the country received $2.25 billion, whereas the amount jumped to $2.97 billion this year.

The cumulative $27.5 billion received over 11 months reflects a 28.7% growth from the $21.37 billion received during the same period in the previous fiscal year.

A senior official at the central bank expressed optimism that total inward remittance could exceed $30 billion by the end of FY2024–25, setting a new all-time high for Bangladesh.

The expertise sent $27.5 billion remittance in 11 months (July-May) of the current FY2024-25. The scenery of 11 months remittance as follows- May $2.97 billion, April: $2.75 billion, March: $3.29 billion, February: $2.53 billion, January: $2.19 billion, December: $2.64 billion, November $2.2 billion, October: $2.39 billion, September: $2.4 billion, August: $2.22 billion, In July: $ 1.91 billion.

Remittances play a vital role in stabilizing Bangladesh’s economy, boosting foreign exchange reserves, and supporting millions of families dependent on income from abroad. This year’s record-breaking inflow is expected to strengthen the country’s economic resilience amid global uncertainties.