Md Tarek Hossain: Bangladesh has achieved a remarkable financial milestone as remittance inflows crossed $30 billion for the first time in history. According to Bangladesh Bank, from July 1, 2024, to June 28, 2025, Bangladeshi expatriates sent a record $30.04 billion, marking a strong 26.5 % growth compared to the previous fiscal year.

In FY2023–24, remittance earnings stood at $23.28 billion. This year’s sharp rise reflects a renewed trust in the banking system and increased use of formal channels by migrant workers. It also indicates stronger monitoring by the central bank and streamlined services for sending money home.

The month of June alone brought in $2.53 billion within just 28 days, compared to $2.37 billion in June last year. Remittance flows remained consistently strong throughout the fiscal year, with the highest monthly receipt recorded in March at $3.29 billion. Except for July, all other months crossed the $2 billion mark—a significant indicator of steady financial contributions from overseas workers.

Bangladesh Bank Governor Dr Ahsan H Mansur, earlier in June, expressed optimism that remittance would hit the $30 billion target. He attributed this performance to policy improvements, banking reforms, and better digital infrastructure. His forecast has now been proven correct, just two days before the fiscal year ends.

This historic achievement not only boosts the country's foreign exchange reserves but also reflects the unwavering support of migrant workers—many of whom live in challenging conditions abroad, yet continue to send their hard-earned money to families back home.

For millions of households, remittance is not just a number—it pays for children’s education, family healthcare, and daily essentials. The $30 billion figure is a tribute to the silent strength of Bangladesh’s workforce abroad. As the country eyes further growth, this milestone sets a new benchmark in national economic resilience and diaspora engagement.