Bangladesh’s remittance inflow has fallen by 22.79 percent during the first 26 days of April compared to the same period in March, according to data from Bangladesh Bank.
In March, the country received Tk 2.94 billion in the initial 26 days, eventually reaching a record-breaking Tk 3.29 billion by the end of the month.
Expatriates sent Tk 1.91 billion through banking channels in the first 19 days of April, while the next seven days saw an additional inflow of Tk 550 million.
Bankers attributed the surge in March to Eid-ul-Fitr, which traditionally drives up remittance volumes each year.
Bangladesh recorded its second-highest monthly remittance in December 2024 with $2.64 billion, while February 2025 brought in the third-highest at $2.54 billion.
A treasury official at a private bank told bdnews24.com that the market’s dollar rate volatility had eased due to a decline in Hundi activity. The gap between official bank rates and Hundi rates has narrowed to around Tk 0.5-0.6, down from Tk 7-8 previously.
Another treasury chief noted that banks were no longer inflating remittance rates as before, with the highest being offered at Tk 122.
Earlier this year, in late January, the dollar rate spiked to Tk 128 due to increased demand, with some banks buying remittance at Tk 126.
To address the issue, Bangladesh Bank later imposed a cap on remittance exchange rates at Tk 123.
