$3.12 billion remittance received in April

Remittance inflow to the country stood at $3.12 billion in April, which is 13.5 percent higher than the same month last year, according to an updated report of Bangladesh Bank.

In April 2025, remittance stood at $2.75 billion . According to central bank data, remittance inflow was $3.75 billion in March this year, the highest in a single month on record, but the inflow remained above $3 billion for the fifth consecutive month.

Expatriates sent $3.13 billion in April alone, up about 14 per cent from the same month last fiscal year . Cumulatively, expatriates sent $29.33 billion in remittances from July to April of the current fiscal year, up 19.5 per cent from $24.54 billion in the same period last year.

Economists said the steady inflow could help ease pressure on the external sector, support exchange rate stability and strengthen overall macroeconomic conditions if the trend holds in the coming months . Bankers said remittance inflows are likely to rise further in May as the upcoming Eid-ul-Azha typically boosts transfers from overseas workers to support family expenses at home.

The continued rise in remittance inflows is playing a vital role in supporting external sector stability, strengthening foreign exchange reserves, and contributing to overall macroeconomic resilience.

However, according to bank officials, one of the biggest threats to this economic momentum is the hundi system. Illegal money transfer networks, known as hundi, divert significant amounts of foreign currency away from official channels . In the first half of March, official remittance receipts were only $172 million, rising sharply after the government took stringent measures against illegal hundi operators. The Anti-Corruption Commission has identified nine major hundi syndicates operating in the country.