In brief
In the July‑October quarter of the 2026‑27 fiscal year, Bangladesh’s remittance inflow climbed 13 % year‑on‑year to $11.465 billion, the highest in a year. The surge, largely supplied by workers in the UAE, Saudi Arabia and Kuwait, underscores the country’s dependence on foreign‑exchange earnings.
In Dhaka, the central bank announced that remittances from Bangladeshis living abroad rose 13 % year‑on‑year to $11.465 billion during the July‑October 2026‑27 fiscal quarter.
The figure, the highest since the preceding fiscal year, shows how the money sent home by millions of workers has become a vital source of foreign‑exchange for the South‑Asian nation.
Over the same four‑month span in the previous fiscal year, the inflow had totaled $10.427 billion, a decline that had worried analysts who expect remittances to remain a constant economic lifeline.
A monthly breakdown published with the quarterly data highlights October as a standout month, when the country received $2.874 billion in remittances, a 12.1 % increase from October 2025.
The bulk of the new funds comes from the Middle East, with employers in the United Arab Emirates, Saudi Arabia and Kuwait sending money back to family members at home.
“Remittances continue to be a key source of foreign exchange for Bangladesh,” an official at the Central Bank said, noting that the recent growth underscores the importance of overseas workers for the national economy.
In the 2025‑26 fiscal year, total remittances reached $35.56 billion, showing the long‑term trend of steady income from abroad.
Analysts suggest that the July‑October uptick may be driven by higher wages in Gulf countries and the ability of workers to send more money during the fiscal year as global economic conditions improve.
With the country’s reliance on foreign‑exchange earnings high, the central bank’s data gives policymakers more room to shape monetary policy while still ensuring that the cash flow from abroad remains protected.
Meanwhile, the rise in remittances has helped many families in Bangladesh maintain household budgets and finance small businesses, teachers, and healthcare services.
Remittances have long been an economic safety net for households that depend on the support of migrants working abroad.
As the country continues to see growth in this area, policymakers remain cautious about potential fluctuations, but the 13 % increase provides a stabilizing factor within the national budget.
Overall, the central bank’s figures confirm that remittances in Bangladesh are on an upward trajectory, giving the nation a crucial source of revenue as it navigates economic challenges on the global stage.
