Remittance inflow has surged as illegal money transfers (hundi) decline and money laundering is curbed. Ahead of Eid-ul-Azha, this surge has brought relief to the country’s economy. In just three days, expatriates have sent $604 million — equivalent to over Tk 7,429 crore, based on an exchange rate of Tk 123 per dollar.
According to the latest data from Bangladesh Bank, Bangladeshi expatriates sent this amount during the first three days of June (June 1–3). This significant remittance is expected to positively impact the national economy and has already energized the Eid market.
Central bank officials say remittance usually rises ahead of Eid-ul-Azha, as expatriates send more money home to help families purchase sacrificial animals, new clothes, gifts, and cover other expenses. This seasonal trend of increased inflow has continued this year as well.
In fact, May 2025 recorded the second-highest monthly remittance in the country’s history, with a total of $2.97 billion (Tk 36,234 crore at Tk 122 per dollar). On average, $95.8 million (Tk 1,169 crore) arrived daily. This surpassed the previous second-highest record set in April and came just behind the all-time high of $3.29 billion in March.
Bangladesh Bank data also shows that since the interim government took office, monthly remittance has consistently exceeded $2 billion. From July to May (the first 11 months of the current fiscal year), total remittance reached $27.51 billion — a sharp increase from $21.37 billion during the same period of the 2023–24 fiscal year. That’s a year-over-year rise of $6.13 billion in just 11 months.
