At the beginning of the new fiscal year, expatriates sent home good news in terms of remittances. In July, they sent home 2.48 billion US dollars, which is about 30,230 billion taka in Bangladeshi currency (calculated at 122 taka per dollar).

This information was provided in an updated report by Bangladesh Bank on Sunday (August 3).

Data analysis shows that this income is 29.48 percent higher than the same month last year. In July 2024, $1.91 billion in remittances came into the country.

In July last year, expatriates took to social media to protest political unrest and reduce remittances. Later, after political changes, remittance flows began to increase again.

Bangladesh Bank said that this money sent using banking channels is directly having a positive impact on the country's foreign exchange reserves. Officials say this continuity has been created due to various government initiatives to prevent hundi, a 2.5 percent incentive on remittances and the development of banking services.

Earlier, in June, expatriate Bangladeshis sent remittances worth US$2.82 billion to the country, which is 11 percent more than the same period the previous year.

There was a record flow of remittances sent by expatriates in the 2024-25 fiscal year.

According to Bangladesh Bank data, remittances to the country at the end of the 2024-25 fiscal year amounted to 30.33 billion US dollars, which is about 27 percent more than the previous fiscal year. Remittances in the 2023-24 fiscal year amounted to 23.74 billion US dollars. This figure is the highest remittances to the country in a single fiscal year. Such a continuous increase in expatriate income has brought stability to the country's economy and relief in the supply of dollars.