Monday, 22 Sep, 2025

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Remittance surge lifts Bangladesh’s reserves, eases forex pressures

Senior Correspondent  | banglanews24.com
Update: 2025-09-22 11:42:03
Remittance surge lifts Bangladesh’s reserves, eases forex pressures

Bangladesh continues to experience a surge in remittance inflows, offering much-needed relief to its foreign exchange reserves and external transactions. 

In the first 20 days of September alone, remittances reached USD 1.903 billion, equivalent to approximately BDT 231.69 billion, based on an exchange rate of BDT 121.75 per dollar.

According to data released by the Bangladesh Bank on Sunday evening (Sept 21), this figure marks a 17.90% year-on-year increase compared to USD 1.614 billion received during the same period in September 2024. 

The inflow also surpasses the earnings from the first 20 days of August 2025, when remittances stood at USD 2.614 billion.

Remittance inflows have maintained a steady upward trend since August 2024, following the fall of the Sheikh Hasina government. 

This momentum has continued into the current fiscal year, with the country recording USD 6.803 billion in remittances between July 1 and September 20 — an increase of USD 1.051 billion compared to the USD 5.752 billion received during the same period last year.

This consistent rise in remittances has contributed positively to Bangladesh’s foreign exchange reserves, which have now surpassed USD 31 billion. 

After meeting their own foreign currency requirements, commercial banks sell surplus US dollars to the central bank, thus helping to bolster reserve levels.

The strengthened reserves have helped ease pressure on foreign transactions, offering renewed stability and confidence in Bangladesh's external financial position.

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