According to the latest data from Bangladesh Bank, remittances worth $127 million came into the country on August 11 alone. If this momentum continues for the rest of the month, August is likely to see a significant surge in remittance earnings.
From July 1 to August 11 of the current fiscal year 2026-27, total remittances stood at $4,247 million, compared to $3,432 million during the same period of the previous fiscal year. That means in just 42 days, remittances increased by $815 million, reflecting a growth of 23.8 percent.
According to Bangladesh Bank data, remittances in July 2026 stood at approximately $2,859 million, which was about 15.4 percent higher than in July of the previous year. As a result, total remittances in the first 42 days of the fiscal year have already surpassed $4.24 billion.
This growth is backed by a strong base from the previous fiscal year. In FY 2025-26, Bangladesh received a record $35.5 billion in remittances, which was 17.3 percent higher than the previous fiscal year. Several months in FY 2025-26 saw remittances exceed $3 billion — $2.817 billion in June, $3.443 billion in May, and $3.752 billion in March.
Economists believe that this consistent growth in remittances is crucial for the country's foreign exchange market. An increased supply of dollars through banking channels can help meet import payments, maintain external account balance, and ease pressure on foreign reserves.
If the current momentum in July and early August continues, remittances are likely to hit new highs early in the current fiscal year. However, the final outcome will depend on the flow rate through the end of the month, international labour market conditions, and exchange rate movements.
Overall, with $4.25 billion in the first 42 days of the fiscal year and $1.39 billion in just 11 days of August, the remittance inflow signals a major positive shift in Bangladesh's foreign currency earnings.
