Bangladesh received $8.022 billion in workers’ remittances during the first part of the current fiscal year through September 23, marking 13.6 percent year-on-year growth and giving the economy another strong source of foreign-exchange inflow. The amount compares with $7.064 billion during the same period of the previous fiscal year. Remittance also maintained a positive trend within September, when expatriate Bangladeshis sent $2.196 billion during the first 23 days, slightly above the amount recorded in the comparable period a year earlier. These inflows matter because remittance supports Bangladesh at both the national and household level. At the national level, foreign currency sent through formal channels contributes to reserve strength, banking liquidity and the country’s ability to meet import and other external payment needs. At the family level, remittance helps households pay for food, education, healthcare, housing, small businesses and savings. The latest growth therefore connects macroeconomic stability with the everyday financial lives of millions of families. Strong formal remittance flows also show the importance of reliable banking, exchange and money-transfer services. When migrant workers have access to competitive rates, fast transfers and trusted channels, more foreign income can enter the financial system transparently. That gives banks and policymakers a clearer view of foreign-currency availability while reducing the risks associated with informal transfer methods. Remittance is also closely linked with rural economic activity. Money received by families is often spent in local shops, construction, education and services, supporting businesses in districts far from the country’s major industrial centres. The sustained year-on-year improvement provides a useful buffer for the wider economy at a time when foreign currency is essential for trade and investment. Maintaining the momentum will require continued confidence among workers abroad, efficient transfer channels and strong support for Bangladeshis in major labour markets. Digital remittance services can also help by making transfers easier and reducing transaction time. The latest figures highlight the continuing importance of expatriate Bangladeshis as contributors to national economic stability. If the upward trend remains steady, stronger remittance can support households, reinforce the external sector and give Bangladesh more flexibility in managing foreign-exchange needs while the economy continues to expand.
