Remittance inflow hits $3.4b in May

Remittance inflow hits $3.43 billion in May the second highest after $3.7 billion in March this year according to Bangladesh Bank latest statistics on Monday.

The official data shows the amount is higher than $2.97 billion in corresponding month of last year.

The surge becomes even more striking in cumulative terms. From July 2025 to 31 May 2026-covering eleven months of the current fiscal year-total remittance inflows stood at $32.76 billion, against $27.51 billion recorded during the corresponding period of the previous fiscal year. 

That translates into a fiscal-year growth rate of 19.09 per cent, a figure that economists and policymakers are likely to cite as one of the strongest performances in Bangladesh's external sector in recent memory.

The record inflow delivers a timely boost to Bangladesh's foreign exchange reserves, which have faced sustained pressure over recent years amid import costs and debt repayment obligations. 

Remittances, the country's second-largest source of foreign exchange after export earnings, now appear poised to cross the $35 billion mark for the full fiscal year if the current trajectory holds through June 2026-a threshold never previously breached in Bangladesh's history.