Bangladesh received $696 million in remittances during the first six days of July, marking a sharp increase from the same period last year, while the country`s foreign exchange reserves remained close to $38 billion, according to Bangladesh Bank.
Central bank data showed expatriate Bangladeshis sent home $696 million between July 1 and July 6, up from $427 million received during the corresponding period of the previous fiscal year.
The year-on-year increase of 62.8 percent reflects the continued use of formal banking channels by overseas Bangladeshis to remit money.
On July 6 alone, inward remittances amounted to $129 million.
Meanwhile, Bangladesh Bank said the country`s gross foreign exchange reserves stood at $37.85 billion as of July 6.
Under the International Monetary Fund`s Balance of Payments and International Investment Position Manual (BPM6) methodology, the reserve stood at $33.20 billion.
The steady growth in remittance inflows, coupled with stable foreign exchange reserves, is expected to strengthen Bangladesh`s external sector and support overall macroeconomic stability amid global economic uncertainties.
During the 2025-26 fiscal year, expatriate Bangladeshis remitted a record $35.34 billion through official banking channels.
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