Advertisement

Bangladesh sees 24% surge in remittances in July

Bangladesh sees 24% surge in remittances in July
Photo: Collected
Advertisement
Advertisement

Bangladesh has witnessed a significant 23.97 per cent year-on-year increase in remittance inflows, with expatriate Bangladeshis sending $1.93 billion in the first 26 days of July, according to data released by Bangladesh Bank (BB).

This marks a sharp rise from the $1.56 billion recorded during the same period in 2024.

For the fiscal year 2024-25 (FY25), Bangladesh received a record-breaking $30.33 billion in remittances, setting a new all-time high for the country. This represents a 26.80 per cent increase compared to the previous fiscal year, during which the country received $23.91 billion.

The steady increase in remittance inflows highlights the growing contributions from the Bangladeshi diaspora, significantly supporting the national economy amid global financial challenges.

Follow TIMES on Google News

Get trusted updates and editor-picked stories in your feed.

Follow
Related News