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Bangladesh sees remittances boom on Eid festival

0 Comment(s)Print E-mail Xinhua, April 6, 2025
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DHAKA, April 6 (Xinhua) -- Bangladeshi expatriates in March sent home 3.29 billion U.S. dollars, largely buoyed by the Eid-al-Fitr festival.

The amount was the highest monthly inflow since 1971, the latest central bank data showed.

Officials attributed the rise to steady growth ahead of the festival.

According to the latest data, remittances from Bangladeshis increased 27.6 percent year-on-year to 21.78 billion dollars in the July-March period of fiscal year 2024-25 (July 2024-June 2025).

Bangladesh's remittances grew 10 percent to 23.91 billion dollars in fiscal year 2023-24.

Remittances mainly come from Middle East countries, such as the United Arab Emirates, Saudi Arabia and Kuwait. Enditem

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