Remittance Hits $2.87 Billion in October, Up More Than 12 Percent in a Year

The positive trend in expatriate income continues, bringing relief to the country's economy. In the just-ended month of October, expatriates sent home 287 crore (2.87 billion) US dollars in remittance. The income rose 12.18 percent compared with the same month last year.

Bangladesh Bank spokesperson Arif Hossain Khan gave the figures to journalists on Sunday. According to the central bank, remittance in October 2025 was 256 crore (2.56 billion) dollars. On that count, expatriate income in this year's October rose by about 31 crore dollars in the space of a year.

Alongside monthly growth, notable growth has also been achieved on a fiscal-year basis. In the first four months of the current 2026-27 fiscal year, from July to October, a total of 1,146 crore 50 lakh (11.465 billion) dollars in remittance came into the country.

That four-month income is 13 percent higher than in the same period of the previous 2025-26 fiscal year. In other words, alongside monthly growth, the positive trend in expatriate income is also holding across the fiscal year as a whole.

Those concerned believe this remittance growth is important for the country's foreign exchange market and macroeconomic stability. Money sent by expatriates is one of the main sources of foreign currency; it helps meet import costs, maintain balance in external transactions and reduce pressure on foreign exchange reserves.

In particular, amid global economic uncertainty, pressure on the dollar market and the challenge of managing import costs, rising remittance inflows carry a positive message for the economy. When expatriate income rises, the supply of dollars through legitimate banking channels also rises, creating an opportunity to maintain stability in the foreign exchange market.

Remittance also has a wide impact on the domestic economy. Millions of families meet daily expenses, education, healthcare, housing and other needs with money sent by expatriates. Alongside increasing the flow of money in the rural economy, this money also creates demand for goods and services in local markets.

However, those concerned say that to sustain this positive growth in remittance over the long term, sending money through legal channels needs to be made easier. Ensuring fast and secure banking services for expatriates, reducing transaction costs and strengthening incentives to send money through legitimate channels are important in this regard.

All in all, October's 2.87 billion dollars in remittance and the 13 percent growth in the first four months of the fiscal year are promising for the country's economy. This continuous flow of expatriate money is making an important contribution to strengthening economic stability alongside increasing the supply of foreign currency.