Migrant workers continued to remit home over US$3.0 billion every month between December and February of the current fiscal year, providing a prop to Bangladesh's forex reserves.
Economists say such steady remittance inflow helps the country maintain macroeconomic and balance-of-payments (BoP) stability while taking steam out of pressures on reserves.
According to data disclosed Sunday by Arif Hossain Khan, spokesperson for Bangladesh Bank, expatriate Bangladeshis remitted $3.021 billion through banking channels in February.
The latest inflow comes in lockstep with $3.170 billion in January and $3.223 billion in December, indicating sustained momentum in remittance earnings.
In February alone, the daily average remittance stood at $107.9 million.
In comparison, remittance inflows during the same month last year amounted to $2.528 billion. This means remittance earnings increased year on year, reflecting stronger formal-channel flows.
During the July 1-February 28 period of the fiscal year 2025-26, total remittance inflows reached $22.454 billion, marking a 21.40-percent growth compared to the corresponding period of the previous fiscal year.
Earlier in January, the country received $3.170 billion in remittances - the third-highest monthly inflow in Bangladesh's history and the second-highest in the current fiscal year.
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