Bangladesh received $2.56 billion in remittances in October 2025, marking a 7% increase compared to the same month last year, according to the latest data from Bangladesh Bank.

During the first four months of the current fiscal year 2025-26 (July–October), expatriates sent $10.14 billion in remittances, up from $8.9 billion during the same period of the previous fiscal year. In October 2024, remittance inflows stood at $2.4 billion.

Bankers noted that the country’s dollar market is now in a stable condition. The influence of informal market transactions (hawala) has declined, encouraging expatriates to use formal banking channels to send money home.

Currently, the rates offered through banking channels are almost on par with the open market, making it more convenient for expatriates to remit through banks.

They also highlighted that remittance inflows through formal banking channels have increased since the interim government took office. Over the past year, the country has received an average of nearly $2.5 billion per month in remittances through banking channels.

Source: Bangladesh Bank, The Business Standard