Expatriates have sent an impressive $1.68 billion in remittances to Bangladesh during the first 25 days of January 2025, averaging $67.04 million per day, according to Bangladesh Bank (BB).If this trend continues, total remittance inflows for January are expected to exceed $2 billion, highlighting the crucial role of Bangladesh remittances in supporting the country’s economy reportedly.
A closer look at BB’s data reveals the following contributions:
- State-owned banks: $354.28 million
- Specialised banks: $74.4 million
- Private banks: $1,242.53 million
- Foreign banks: $479 million
Read more: Bangladesh Bank Governor: 80% Of Stolen Reserve Funds Recovered
However, not all banks participated in this remittance flow. Eight banks recorded no inflows during this period, including state-owned Bangladesh Development Bank (BDBL) and specialised Rajshahi Krishi Unnayan Bank. Private banks such as Community Bank, ICB Islami Bank, and Padma Bank, along with foreign banks like Habib Bank, National Bank of Pakistan, and State Bank of India, also failed to report any remittance inflows.
During the first half of FY2024-25 (July–December), Bangladesh received $13.78 billion in remittances, a notable $2.98 billion increase compared to $10.8 billion during the same period last year.
As remittances continue to play a vital role in bolstering Bangladesh’s economy, maintaining this upward trajectory will be essential for achieving robust economic growth.
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