Dhaka, June 5 -- Amid ongoing macroeconomic challenges, Bangladesh's economy has received a much-needed boost from rising remittance inflows and robust merchandise export earnings.
Both factors have significantly contributed to strengthening the country's foreign exchange reserves, stabilising the exchange rate, and improving the balance of payments during the current 2024-25 financial year-largely under the stewardship of the interim government.
According to the latest data from Bangladesh Bank (BB), remittance inflows saw a remarkable year-on-year increase of 28.7 percent, reaching $27.51 billion during the July-May period of FY2024-25. This reflects heightened confidence among expatriates and an improved transfer environment.
At the s...