Bangladesh received $735m in remittances in first week of May

Bangladesh received $735 million in remittances in the first seven days of May, showing a 22.3 per cent year-on-year growth compared to the same period last year, reports UNB.

According to data released by Bangladesh Bank on Monday, expatriates sent $735 million from May 1 to 7. The amount in the corresponding period of 2024 was $601 million.

From July 2024 to May 7, Bangladesh received a record $25.27 billion in remittances, up from $19.72 billion during the same period in the previous fiscal year.

In the first 10 months (July-April) of the ongoing fiscal year 2024–25, expatriates remitted $24.54 billion, surpassing the total remittance received in the entire FY 2023–24.

The monthly break-up of remittance inflow in FY 2024–25 is as follows:

April: $2.75 billion

March: $3.29 billion

February: $2.53 billion

January: $2.19 billion

December: $2.64 billion

November: $2.2 billion

October: $2.39 billion

September: $2.4 billion

August: $2.22 billion

July: $1.91 billion