Six Months of Over $3 Billion in Remittance: A New Milestone

An analysis of Bangladesh Bank's statistics reveals that the remittance inflow in May was 15.34% higher compared to the same period last year, when the country received $2.969 billion. Looking at the broader fiscal landscape, Bangladesh has recorded a total of $32.757 billion in remittances during the first 11 months (July-May) of the 2025-26 fiscal year. This represents an increase of more than 19% compared to the $27.507 billion received during the same period in the previous fiscal year.
Banking sector experts attribute this surge to the influence of the holy Eid-ul-Fitr and the upcoming Eid-ul-Adha, alongside geopolitical tensions in the Middle East involving Iran, the United States, and Israel. The volatility in the region has led to a depreciation of the Taka against the Dollar, allowing expatriates to receive more Taka for their remittances. This incentive has further encouraged many to send money through official banking channels.
Bank-specific data shows that private commercial banks handled the largest share of remittances in May, totaling approximately $2.387 billion. Islami Bank remains at the top, receiving approximately $592.1 million in May, followed by BRAC Bank with approximately $410 million. Among state-owned banks, Agrani Bank led with $242.5 million, while the specialized Bangladesh Krishi Bank played a major role, handling approximately $470 million and securing the second position overall among all banks.
This sustained growth in remittances has positively impacted the country’s foreign exchange reserves. According to central bank data as of Monday, the total (gross) foreign exchange reserve stands at $34.77 billion. Under the International Monetary Fund (IMF) BPM-6 calculation method, the reserve stands at $30.11 billion. This consistent inflow of remittances continues to play a vital role in helping Bangladesh address its foreign exchange challenges.