Remittance Inflows Rise 13% to $11.46 Billion in First Four Months of FY27

Dhaka, Bangladesh || Tuesday, 3 November 2026 || 17 Kartik 1433

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Remittance Inflows Rise 13% to $11.46 Billion in First Four Months of FY27

Published : Monday, 2 November, 2026 at 5:04 PM, Update: 02.11.2026 5:15:39 PM, Count : 37

Remittance Inflows Rise 13% to $11.46 Billion in First Four Months of FY27

Remittance inflows to Bangladesh rose 13 percent year-on-year to $11.46 billion in the first four months of the current financial year (FY27).

Expatriate Bangladeshis sent $11.46 billion through authorized channels between July and October of FY27, up from $10.14 billion recorded in the same period of FY26, according to Bangladesh Bank data.

In October alone, remittance receipts reached $2.87 billion, compared to $2.56 billion in October last year and $2.76 billion in September. Monthly inflows have consistently remained above the $2 billion mark since August 2024. In FY26, Bangladesh received a record $35.56 billion in total remittances, marking a 17.6 percent increase from $30.32 billion in FY25.

Bangladesh Bank officials attributed the sustained growth to several key factors:

Decisive action against informal *hundi* networks an unregulated cross-border money transfer system.

More competitive exchange rates offered by commercial banks, which narrowed the gap between official and informal markets.

Growing confidence among expatriates in formal banking channels, supported by the government's 2.5 percent cash incentive introduced in January 2022.

The steady inflow of remittances has bolstered Bangladesh’s foreign exchange position by increasing the supply of U.S. dollars in the formal market, easing pressure on the taka, and assisting banks in meeting import payment obligations.

Higher inflows have also strengthened foreign exchange reserves. Under the IMF’s calculation method, Bangladesh Bank’s net reserves stood at $31.6 billion as of October 10, while gross reserves reached approximately $36.41 billion. The interbank dollar rate remained stable at around Tk 124 throughout October.

Among commercial banks, Islami Bank Bangladesh PLC processed the highest volume of remittances in October at $459 million. Other leading collectors included:

Bangladesh Krishi Bank: $237 million, Trust Bank: $215 million, Agrani Bank: $209 million, Dutch-Bangla Bank: $187 million, BRAC Bank: $179 million, Sonali Bank: $158 million, City Bank: $117 million

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