Remittances exceed $3b for five consecutive months

Bangla Press Desk:  Bangladesh maintained a strong inflow of remittances through formal banking channels, with expatriates sending $3.13 billion in April alone – about 14% higher than in the same month of the previous fiscal year. 

Including April, remittance inflows have crossed the $3 billion mark for five straight months, reflecting sustained resilience despite ongoing global uncertainties.Bankers said remittance inflows are likely to rise further in May, as the upcoming Eid-ul-Azha typically boosts transfers from overseas workers to support family expenses back home. 

They also stressed that continued strict measures against money laundering and informal channels like hundi will be key to sustaining this upward trend.