Remittance rises 35% in April

Remittance inflow to Bangladesh rose 35 percent year-on-year to $2.75 billion in April of this year.

The amount was $2.04 billion in the same month of last year, according to Bangladesh Bank data released today.

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Record $3.29 billion remittance came in March

The surge in money sent home by Bangladeshi expatriates is being credited to a cocktail of factors, such as a narrowing gap between official and informal exchange rates, a clampdown on money laundering, and renewed confidence of the people living abroad in the interim government, bankers said.

From July to April of 2024-25 fiscal year, Bangladesh received $24.53 billion in remittances, up 28.33 percent year-on-year, data showed.