DHAKA — Inbound remittance transfers sent home by non-resident Bangladeshis through official banking channels reached USD 2.86 billion (USD 2.859 billion) during July, marking a robust financial start to the 2026–27 fiscal year. Converted into local currency at an average exchange rate of BDT 123.83 per US dollar, the total incoming volume translates to approximately BDT 35,400 crore (BDT 354 billion).

Data released by Bangladesh Bank on Sunday revealed that foreign currency receipts in July surged by 15.4 per cent compared to the USD 2.478 billion recorded during the same month of the previous year. The latest figure also demonstrates steady sequential growth over the preceding month of June, when overseas workers remitted USD 2.82 billion, indicating sustained momentum in formal money transfers.

Reporting Period	Inflow (USD)	Year-on-Year Growth	Economic Significance
July 2026	$2.86 Billion	+15.4%	First month of FY 2026–27
June 2026	$2.82 Billion	—	Closing month of FY 2025–26
July 2025	$2.48 Billion	—	Corresponding month in previous year
FY 2025–26	$35.59 Billion	+17.3%	All-time historic annual record

This buoyant start follows an unprecedented benchmark established in the 2025–26 fiscal year (July–June), during which overall formal remittance inflows reached a record-breaking total of USD 35.59 billion. That marked a substantial increase of USD 5.26 billion, or 17.3 per cent, over the USD 30.33 billion brought in during FY 2024–25—making it the highest annual remittance tally in Bangladesh’s history.

Central bank officials attributed the sustained expansion to effective policy interventions, including intensified crackdowns on illegal hundi money-transfer networks, government cash incentives, simplified digital channels, and improved banking services for expatriate workers. Financial analysts note that strong foreign exchange inflows remain vital for stabilizing the national balance of payments, reinforcing foreign currency reserves, and easing liquidity pressures for key import commitments.