Remittance inflows reached $3.33 billion in the first 28 days of March 2026, maintaining strong growth as expatriates increased transfers ahead of Eid-ul-Fitr.
The inflow marks a 3.8 percent rise from $3.2 billion recorded during the same period in March 2025, according to Bangladesh Bank data.
Foreign exchange reserves stood at $33.99 billion as of 29 March, while reserves under the International Monetary Fund (IMF) Balance of Payments and International Investment Position Manual sixth edition (BPM6) stood at $29.29 billion.
Cumulative remittance for the current fiscal year 2025-26 reached $25.78 billion between July 2025 and March 28, up 18.8 percent from $21.69 billion in the same period of the previous fiscal year.
Central bank officials attributed the growth to the government’s 2.5 percent cash incentive on remittances sent through formal banking channels, which has discouraged the use of informal hundi systems.
Inflows were particularly strong in the first half of March, with expatriates sending $2.20 billion in the first 14 days, a 35.7 percent increase from $1.62 billion in the same period last year.
The flow remained steady between 16 March and 23 March, with an additional $392 million received, industry insiders said.
Non-resident Bangladeshis typically increase remittances during Ramadan to support family expenses, providing a seasonal boost to the economy.
As of 16 March, gross reserves stood at $34.22 billion, while net reserves under IMF BPM6 were $29.52 billion.
Economists said continued growth in remittance could help stabilise the Taka and ease pressure on the balance of payments.
