Advertisement

Remittance rises 14% to $3.12bn in April

Remittance rises 14% to $3.12bn in April
Representational image: Collected
Advertisement
Advertisement

Bangladesh’s remittance inflows rose 14 per cent to $3.12 billion in April, extending strong monthly earnings and supporting the external sector amid global uncertainty.

The inflow was the fifth highest monthly receipt on record and kept remittances above $3.0 billion for four straight months, according to Bangladesh Bank data.

Remittances stood at $2.75 billion in April last year, marking an increase of $375 million over 12 months.

Advertisement
Advertisement

Cumulative inflows in the first 10 months of fiscal year 2025–26 reached $29.33 billion, up 19.50 per cent from $24.53 billion in the same period a year earlier.

Economist Arief Hossain Khan said the sustained inflow is a positive signal for the economy.

Related News

“The inflow has remained strong, which is encouraging,” he said.

He said the trend may continue ahead of Eid-ul-Adha, when transfers typically rise.

“If remitters are sending ahead of potential disruptions, it may not be sustainable,” he said, referring to geopolitical tensions in Gulf countries.

Strong remittance inflows have helped support foreign exchange reserves, partly offsetting weaker export growth in recent months.

Gross reserves rose to $35.20 billion as of 3 April 2026, up from $34.12 billion at the end of March, central bank data showed.

Under the International Monetary Fund’s BPM6 method, reserves stood at $30.51 billion, compared with $29.50 billion over the same period.

Follow TIMES on Google News

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

Follow
Related News