Bangladesh received over $10 billion in remittances in the first four months of the current fiscal year, reflecting continued growth in inflows from overseas workers and providing relief to the country’s strained foreign exchange reserves.

According to Bangladesh Bank’s Assistant Spokesperson Shahriar Siddiqui, remittance inflow reached $10 billion by October 29 of the 2025–26 fiscal year, marking a 14.5 percent rise compared with $8.75 billion during the same period last year.

In October alone, Bangladeshi expatriates sent $2.43 billion through official banking channels — 10.2 percent higher than the $2.20 billion received in October 2024. On October 29 alone, the country received $93 million.

September saw a higher inflow of $2.68 billion, up 12 percent year-on-year, while August and July recorded $2.42 billion and $2.47 billion respectively.

Officials in the banking sector said the rising remittance has strengthened the foreign currency reserve and helped ease the pressure on the dollar in the exchange market. They attributed the increase to government efforts to curb illegal money transfers and to incentives encouraging expatriates to use formal channels.

Bangladesh Bank data show the gross foreign exchange reserves now stand at $32.14 billion, while reserves under the IMF’s BPM6 accounting method amount to $27.34 billion.

In the previous fiscal year, Bangladesh posted a record $30.33 billion in remittances — a 27 percent increase from FY 2023–24 — a trend that appears to be continuing into the new fiscal year.