There has been a positive trend in expatriate income since the collapse of the Hasina government. That pattern is still in place. Remittances totaling approximately 2.19 billion dollars were received in January, the first month of the year. Compared to the same month last year, this represents a 3.40 percent increase, or 72 million dollars. Additionally, the current fiscal year 2024–25 has seen 1,596 billion dollars in remittances in the first seven months.
Compared to the same period last fiscal year, this represents a 23.61 percent increase, or 3.05 billion dollars. In addition to remittances, strong export growth has improved the foreign exchange market and reserve situation.
According to Bangladesh Bank, after the formation of the interim government, the central bank is not selling any dollars from the foreign exchange reserves. As a result, the foreign exchange reserves are around 20 billion dollars. Last Wednesday, the reserves stood at 19.97 billion dollars.
Those concerned said that the flow of foreign exchange has been increasing since the fall of the Awami League government last August. The main reason for this is the decrease in hundis. As a result, remittances are increasing in banking channels. Most of those who used to send money earned through trade or corruption abroad through hundis are now under pressure. The government has taken a strict stance to prevent money laundering. Again, a joint team is working to investigate irregularities of 10 groups accused of various irregularities including loan fraud, revenue evasion, and money laundering. Due to these reasons, remittances and exports are increasing. Export earnings increased by about 13 percent in the six months up to December of the current fiscal year.
Data from the Bangladesh Bank shows that remittances totaled $2.64 billion in December of last year. which was the greatest amount in a month. Previously, July 2020 saw the largest remittance of $2.60 billion in a single month. The demand for hundis fell to its lowest point during that time, primarily as a result of the global pandemic Corona. Consequently, remittances increased by over 36% during the 2020–21 fiscal year.

