Expatriates send $2.25b in remittances in the first 24 days of May

The strong inflow of remittances has continued its dominating trend into May, with expatriates sending around US$2.25 billion in the first 24 days of the month.

According to the latest data from Bangladesh Bank (BB) released today, expatriates have sent remittances of $26.78 billion during the July-May 25 of the current fiscal year 2024-25.

In April, Bangladesh recorded its second-highest monthly remittance inflow in history, just under $3 billion. The previous month, March, saw a record $3.29 billion in remittances ahead of Eid-ul-Fitr, the highest ever for a single month.

According to the central bank, the previous peak before that came in December 2024, when remittances reached $2.64 billion. By that measure, April's figure is now the second highest on record.

With May's total crossing the $2 billion mark, Bangladesh has now seen 10 consecutive months of monthly remittances exceeding that threshold.