BM Desk: According to figures from Bangladesh Bank (BB), the country received $2.82 billion in remittances in June, the third-highest monthly total in its history.

The data shows that remitters sent $2.54 billion in June of last year, which translated into a monthly growth of 11%.
The country got $30.32 billion in remittances in the last fiscal year. The amount received is $5.54 billion more than the previous highest record of $24.77 billion set in FY21.

As per the official statistics, the $450 billion economy generated $21.03 billion, $21.61 billion, and $23.91 billion in remittances for FY22, FY23, and FY24, respectively.

As anticipated, these increasing remittance inflows continue to strengthen the foreign exchange reserves, stated Bangladesh Bank Spokesperson Arif Hossain Khan.

In addition to curbing informal channels due to stringent regulatory oversight since the transition of state power following last year’s mass uprising, he noted that the recent depreciation of the local currency against the US dollar, which followed the adoption of a market-oriented exchange system, incentivizes remitters to utilize official channels for sending money home.

Based on the central bank’s data, gross foreign exchange reserves reached $31.68 billion and $26.66 billion according to BB and IMF’s BPM6 calculations, respectively, by the conclusion of June 2025.