Remittances rise 12.7% to $9.88 billion in FY27

Bangladesh received $9.88 billion in remittances between July 1 and October 12 of FY2026-27, up 12.7% from $8.76 billion during the same period last year, according to Bangladesh Bank data.

Remittances in the first 12 days of October reached $1.29 billion, a 9.2% increase year-on-year. Expatriates sent $124 million on October 12 alone.

Meanwhile, foreign exchange reserves stood at $31.40 billion on October 11 under the IMF’s BPM6 accounting standard. The central bank’s gross reserves were higher at $36.21 billion.