Bangladesh is on track to set a new record for remittance inflows this March.
In the first 19 days alone, the country received a staggering $2.25 billion in remittances, marking a massive 78.4% increase compared to the same period last year.
At the current exchange rate of 122 taka per dollar, this amounts to 27,474.40 crore taka.
According to an updated report from Bangladesh Bank on Thursday, March 20, the remittance inflow has been impressive, with an average of $11.85 million sent to the country each day.
Experts believe that, if this trend continues, Bangladesh could see total remittance exceeding $3 billion by the end of March, setting a new milestone for the country.
This surge in remittances is largely driven by expatriates sending money ahead of the upcoming Eid celebrations.
The flow of remittances in the first 19 days of March is significantly higher than the same period last year, which saw $1.26 billion in remittance inflows.
In addition, total remittances for the fiscal year 2024-2025, from July to March 19, have already reached $20.75 billion, compared to $16.34 billion in the same period last year.
This represents an impressive 27% increase in remittance inflow year on year.
Breaking down the data, $1.66 billion was received in the first 15 days of March, and in the following four days, $590 million more was added.
On March 19 alone, Bangladesh received $132 million in remittances.
Looking at the monthly remittance records, December 2024 saw the highest-ever monthly inflow, with $2.64 billion, followed by February 2025 with $2.54 billion.
At the current pace, experts predict that March 2025 could surpass $3 billion in remittance inflows, marking a major achievement for the country.
This impressive growth in remittances is a sign of the ongoing financial support from Bangladesh`s expatriate community, which continues to play a vital role in the country`s economy.
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