Bangladesh received $3.02 billion in remittances in February, with the highest contribution coming from Saudi Arabia, according to the latest data released by the Bangladesh Bank on Wednesday (March 4).
Saudi Arabia Leads Remittance Sources
The central bank’s report shows that expatriates in Saudi Arabia sent the largest share of remittances during the month, amounting to $491.1 million.
The United Kingdom ranked second, with $443.39 million in remittances. Other top source countries included the United Arab Emirates, Malaysia, United States, Italy, Oman, Kuwait, Singapore, and Qatar.
In February, remittance inflows from these countries stood at:
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UAE: $374.54 million
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Malaysia: $317.74 million
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United States: $276.36 million
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Oman: $178.0 million
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Italy: $160.29 million
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Kuwait: $148.12 million
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Singapore: $145.79 million
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Qatar: $125.89 million
Bank-Wise Remittance Distribution
State-owned banks handled $426.08 million of the total remittance inflow in February. Specialized banks processed $452.57 million, while private commercial banks accounted for the largest share at $2.156 billion. Foreign banks operating in Bangladesh received $4.81 million in remittances during the same period.
Strong Performance in Current Fiscal Year
In January, the country recorded $3.17 billion in remittances—the third-highest monthly inflow in its history and the second-highest in the current fiscal year.
For the fiscal year 2024–25, total remittance inflows reached $30.32 billion, marking the highest annual expatriate income ever recorded in Bangladesh’s history.
The steady growth in remittance earnings continues to play a vital role in strengthening the country’s foreign exchange reserves and overall economic stability.
