Remittances grew 3 percent year-on-year to $2.18 billion in January 2025 and this happened at a time when Bangladesh Bank imposed a ceiling on banks for remittance collection.

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Remittance hit all-time high in 2024

As a result, total remittances in the July-January period of the 2024-25 fiscal year rose 24 percent year-on-year to $15.96 billion, according to data released by the Bangladesh Bank today.

In January last year, remittance inflows had increased 7 percent year-on-year.