Remittance Surges 41.31% in May Ahead of Eid-ul-Azha

Inward remittances to Bangladesh saw a sharp 41.31% year-on-year jump in the first 23 days of May 2026, driven by increased transfers from expatriates ahead of Eid-ul-Azha.

According to the latest data from Bangladesh Bank, overseas workers sent home US$2.97 billion between May 1 and May 23. This is a significant increase from the US$2.10 billion recorded during the same period in May 2025. On May 23 alone, remittance inflows through formal banking channels reached US$173.64 million.

This latest pre-festival surge has pushed the country’s total remittance earnings for the current fiscal year (FY2025–26) to an all-time high.

From July 2025 to May 23, 2026, Bangladesh pulled in US$32.3 billion in total remittances. This represents a 21.26% growth compared to the US$26.64 billion received during the corresponding period of the previous fiscal year.

Central bank officials and financial analysts point to three primary reasons for this strong momentum: upgraded digital banking services, the seasonal Eid surge, and highly competitive exchange rates offered by commercial banks.

Economic experts note that the continuous growth in legal remittance channels is providing vital support to Bangladesh's foreign exchange reserves. The steady dollar inflow is also helping secure overall macroeconomic stability despite ongoing global economic uncertainties.