Staff Reporter:
Within just eleven months of the interim government, Bangladesh’s foreign currency reserves have gone up from less than US$20 billion in 2024 to over $31 billion by June, 2025, indicating that the country is now going well through an economic recovery phase.
During this period, the record inflow of remittances into the country’s national reserves is substantially contributing to the stability of institutions, easing of the liquidity crisis, and to some other activities.
Economists and experts observed that the record inflow of remittances has been an important bellwether of Bangladesh’s economic recovery.
According to the Bangladesh Bank (BB) latest data, the country’s gross reserves have risen to $31.72 billion by July 2, 2025.
However, as per the International Monetary Fund (IMF) methodology under the Balance of Payments and International Investment Position Manual (BPM6), Bangladesh’s net reserves currently stand at $26.67 billion.
The surge came after a significant increase in remittance inflows, which reached $30.33 billion in the outgoing fiscal year 2024-25 (FY25), marking the highest amount ever received in a single fiscal year in the country’s history.
This figure reflects a 26.80 percent increase compared to the $23.91 billion received in the previous fis-cal year (FY24).
This surpasses the earlier record of $24.77 billion received in FY 2020-21 during the Covid-19 pandem-ic, when remittances spiked due to restrictions on informal hundi channels and the introduction of incen-tive bonds.
A record $3.29 billion in remittances came through the banking channel in March 2025, the highest in a single month in the country’s history.
In continuation of this, more than $2 billion remittances have arrived in the country each month of the last fiscal year (FY25).
Talking to , a senior official of the central bank said that the reserves are rising due to the declining trend in money laundering, with a good flow of expatriate income and high growth in exports.
