Bangladesh receives historically high remittance in February
Total remittance was $18.49 billion during Jul–Feb’FY25, a 23.8% YoY growth
Bangladesh receives historically high remittance in FebruaryTotal remittance was $18.49 billion during FY25, a 23.8% YoY growth Bangladesh received $2.528 billion in remittances in February 2025 alone, the fourth-highest monthly inflow in the country's history.The Bangladesh Bank released the latest remittance data on Sunday.Data shows Bangladesh recorded its highest-ever monthly remittance inflow of $2.638 billion in December last year. And within just a month after, it touched the highest ever.
The second-highest inflow of $2.598 billion was recorded in July 2020, while the third-highest was $2.54 billion in June 2024.The central bank reports that the overall amount of remittance inflow during the July–February period of the current FY25 was $18.49 billion, which represented a 23.8% growth over the same time in the previous fiscal year.Central bank data analysis showed that during the July-February period of FY24, Bangladesh received $14.94 billion in remittances.On the other hand, the surge in February was 25% higher than the amount received in the same month last year, which was $2.16 billion.
According to Bangladesh Bank, in July $1.913 billion, August $2.224 billion, September $2.404 billion, October $2.395 billion, November $2.199 billion, December $2.638 billion, and January $2.185 billion remittance came through banking channels.Regarding this rise, experts attributed this to the month of Ramadan, a period when remittance inflows typically rise as expatriates send more money to support their According to the central bank, the country's gross reserves as of February 27, just ended, were $26.13 billion.According to the International Monetary Fund's (IMF) accounting system BPM-6, the reserves were $20.90 billion.
