Written by The Banking Post
Bangladesh recorded its highest-ever monthly remittance inflow in March, as expatriates sent home $3.75 billion, providing a major boost to the country’s external finances.
Latest data from Bangladesh Bank shows the figure marks a 13.98 per cent year-on-year increase from $3.29 billion received in March last year—an annual rise of $460 million.
The March inflow also surpassed previous peaks, including $3.17 billion in January and $3.02 billion in February, reflecting a sustained upward trend in remittance earnings.
The strong inflows, combined with relatively lower import pressure during Ramadan, have helped strengthen foreign exchange reserves.
According to the central bank, gross reserves under the BPM6 framework stood at $29.81 billion as of Thursday, including an increase of $515.8 million over the past four days.
The continued rise in remittances is providing critical support to the country’s balance of payments at a time of broader macroeconomic pressures.
