Dhaka: Expatriate Bangladeshis sent home $2.85 billion in remittances during July, marking the opening month of the fiscal year FY2026-27. This represents a 15.4 percent year-on-year growth, as per the latest data from Bangladesh Bank.

According to United News of Bangladesh, during the corresponding period of July 2025, the country received $2.47 billion in workers’ remittances. The central bank figures reveal that in the final two days of the month (July 30-31) alone, overseas workers remitted $152 million through official banking channels.

The strong start to the new fiscal year underscores a sustained upward trajectory in remittance inflows, driven by continued policy incentives and expatriates’ growing preference for legal banking channels. Economic analysts note that the steady inflow of foreign currency will further bolster Bangladesh’s foreign exchange reserves, easing import payment pressures and supporting broader macroeconomic stability.

Remittance remains one of the primary drivers of Bangladesh’s economy alongside export earnings, serving as a critical lifeline for foreign currency reserves and domestic household consumption.