The upward trend in remittances sent by expatriate Bangladeshis continued in December, with the country receiving more than US$2.93 billion during the first 28 days of the month, according to Bangladesh Bank, reports UNB.
The December inflow marked a 21.3 percent increase compared to the same period last year, when Bangladesh received around $2.42 billion in remittances during the first 28 days of December 2024.
With this latest inflow, total inward remittances in the current fiscal year (FY 2025–26) reached $15.97 billion as of December 28. This represents an increase of $2.42 billion from $13.55 billion recorded during the corresponding period of the previous fiscal year (FY 2024–25), reflecting a year-on-year growth rate of 17.8 percent.
Officials attributed the sustained growth to incentives offered for remitting money through legal banking channels, stronger promotion of formal remittance systems, and the proactive role of exchange houses.
Following the sharp rise in remittance inflows, Bangladesh Bank has been purchasing dollars from commercial banks to maintain stability in the foreign exchange market.
Bangladesh Bank Executive Director and spokesperson Arif Hossain Khan said the central bank has purchased $3.05 billion so far in the current fiscal year. As a result, the country’s gross foreign exchange reserves have crossed $32 billion.
As commercial banks continue to face a surplus of dollars driven by strong remittance inflows, the central bank has intervened to prevent excessive volatility in the exchange rate and ensure balance in the foreign exchange market.
Bd-pratidin English/ Jisan
