Workers’ remittance in Bangladesh increased to $2.148 billion during August 1–22 of the current fiscal year from $1.711 billion during the same period a year earlier. The inflows have been coming in fast all month, with the three days from August 20 to August 22 alone bringing in $117 million.
The August numbers continue a pattern that has been in place for most of the fiscal year. Remittances reached $2.03 billion during the first 19 days of the month, showing a 29.1 per cent increase compared to the same period last year. By August 24, the total remittances reached $2.34 billion, a 25.7 per cent increase over the same period last year. The daily additions are consistent, showing expatriate workers sending money home at a higher rate than in 2025.
Good Start to Fiscal Year
The August figures follow another solid month in July. The cumulative remittance inflows for FY-2026-27 for the period July 1 to August 22 were $5.006 billion, against $4.188 billion during the same period of FY-2025-26, an increase of 19.5 per cent. By August 24, the cumulative figure had grown to $5.198 billion, a 19.8 per cent increase from a year earlier.
For a country that relies on remittances to maintain its foreign exchange reserves, sustained double-digit growth is a significant improvement over the volatility remittance inflows have faced in recent years.
What drives the growth
Bankers and central bank officials say the rise is a combination of factors. The enhanced access to banking services, competitive exchange rates and the simpler, faster remittance process have made formal banking channels more attractive to expatriate workers who might have otherwise used informal transfer networks. Officials say the monthly growth pattern is sustained and not a one-time spike, attributing it to growing confidence in these formal channels.
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Why it is important
Remittances continue to be one of the largest sources of foreign currency for Bangladesh along with garment exports. Millions of Bangladeshis work overseas, especially in Saudi Arabia, the UAE and other Gulf states, sending home remittances that help families across the country pay for household spending, education and health costs, as well as boosting the central bank’s foreign exchange reserves.
The continued flow of remittances is expected to help bolster Bangladesh’s external sector stability at a time when the economy is facing other stresses and provides a rare bit of unambiguously good economic news as the new fiscal year begins.
Summary: Bangladeshi expatriates’ remittance inflow rose 25.6 per cent year-on-year to $2.148 billion in the first 22 days of August 2026, according to Bangladesh Bank data. The inflow has boosted cumulative remittances for the current fiscal year to US$5.006 billion, 19.5 per cent higher than the same period last year, strengthening the country’s foreign exchange position.
