TBT DESK: Bangladesh has achieved a historic milestone by receiving a record $3.29 billion in remittances in March 2025, marking the highest monthly inflow in the country's history. The significant surge in remittances, reported by Bangladesh Bank, shows a remarkable 64.7% year-on-year increase compared to $1.99 billion in March 2024.
During the first nine months of the current fiscal year (2024-25), Bangladeshi expatriates sent a total of $21.77 billion, compared to $17.07 billion in the same period of the previous fiscal year (2023-24), reflecting a substantial growth in remittance inflows. The month of March alone saw an extraordinary increase in remittances, surpassing the previous record as expatriates contributed more than $2.95 billion in just 26 days of the month.
This continued growth in remittance inflows has been crucial for Bangladesh, helping to bolster the nation's foreign currency reserves and providing vital support to its economic stability.
The increase in remittances is expected to play a key role in stabilising the country's economy amid global financial challenges.
The record-breaking inflow of remittances in March follows a steady rise throughout the fiscal year, with figures ranging from $1.91 billion in July to $2.64 billion in December. As Bangladesh continues to benefit from this growth in remittances, the country is poised to experience positive impacts on both its foreign reserves and overall economic resilience.