Bangladesh received US$2.524 billion in remittances from expatriate workers during the first 27 days of July, registering a 20.2% year-on-year growth. The latest data from the Bangladesh Bank showed that inward remittances reached US$2.524 billion from July 1 to July 27, compared to US$2.099 billion received during the same period last year. This robust inflow is expected to strengthen the country's foreign exchange reserves and support the economy by boosting domestic consumption and external sector stability.
FAQs
- **What was the total remittance received in the first 27 days of July 2026?** The total remittance received was US$2.524 billion. - **How does this compare to the same period last year?** The remittance received this year is 20.2% higher than the US$2.099 billion received during the first 27 days of July 2025. - **What was the remittance received on July 27 alone?** On July 27, expatriate Bangladeshis sent home US$87 million in remittances. - **What are the expected benefits of this increase in remittances?** The increase is expected to strengthen the country's foreign exchange reserves and provide continued support to the economy by boosting domestic consumption and external sector stability.
