Written by The Banking Post
Bangladesh’s remittance earnings posted steady growth in August, giving a boost to the country’s foreign exchange reserves at a time of mounting external payment pressures.
According to the latest data from Bangladesh Bank, remittance inflows reached $1.64 billion in the first 20 days of August, marking a 7.4 percent year-on-year rise compared to $1.53 billion in the same period a year earlier.
From July to August 20 of the current fiscal year (FY2025-26), migrant workers sent home $4.12 billion, up from $3.44 billion during the corresponding period of the previous fiscal year.
Bankers said the consistent growth reflects both the central bank’s efforts to channel remittances through official banking systems and the government’s cash incentive scheme for expatriates. The rising inflow is expected to provide some relief to the country’s strained foreign exchange reserves.
