B Mirror Report: Remittances from expats focused on the approaching Eid-ul-Fitr and the holy month of Ramadan are showing a favorable trend. In keeping with this pattern, remittances from Bangladeshis living abroad totaled over $3 billion in the just-completed month of February.
Arif Hossain Khan, the executive director and spokesperson for Bangladesh Bank, supplied this information.
According to sector insiders, expatriates tend to send additional money home to meet increased family expenses and shopping needs during Ramadan and Eid. As a result, remittance inflows have gained momentum, which is expected to have a positive impact on foreign exchange reserves.
According to central bank data, expatriate Bangladeshis sent $3.02 billion (302 crore dollars) in remittances in February. In local currency, this amounts to approximately Tk 37,000 crore. Compared to February last year, remittances increased by 19.5 percent this year. In February of the previous year, remittances totaled $2.52 billion.
Meanwhile, from July to February of the current 2025–26 fiscal year, expatriates sent a total of $22.45 billion in remittances, which is 21.4 percent higher than the same period in the previous fiscal year, when remittances totaled $18.49 billion.
According to the central bank, remittances in January this year reached $3.17 billion, equivalent to Tk 38,674 crore. This was the third-highest monthly remittance figure on record. Previously, in December last year, remittances totaled $3.22 billion, the second-highest monthly record. The highest remittance inflow in the country’s history was $3.29 billion in March last year, when expatriates sent more money ahead of Eid-ul-Fitr.
Bangladesh Bank data also shows that total remittance inflows in 2025 reached $32.82 billion.
Month-wise remittance inflows in the current fiscal year are as follows:
July: $2.4778 billion, August: $2.4219 billion, September: $2.6858 billion, October: $2.5635 billion, November: $2.8895 billion, December: $3.2266 billion, and January: $3.17 billion.
According to the latest Bangladesh Bank data, the country’s foreign exchange reserves stood at $35.03 billion as of February 25. Under the IMF’s BPM-6 accounting method, reserves stood at $30.28 billion.
Since the fall of the Awami League government on August 5, 2024, remittance inflows have continued to increase. Banking sector officials say that a decline in money laundering has also reduced illegal hundi transactions.
In addition, the stability of the dollar exchange rate in the banking channel over the past few months has encouraged expatriates to send money through legal channels, strengthening the country’s economy.
