Remittances surge funds Bangladesh election spending with 33.8% candidates exceeding limits. Boosts reserves amid festivities.
How do remittances contribute to a country’s foreign exchange reserves?
Remittance adds money to a country’s foreign reserves. In 2025, Bangladesh received $32.82 billion in remittance. This was almost the same as the total bank reserves. High reserves help keep the dollar price stable. A stable market helps the economy grow.
What factors are driving the recent growth in remittances to Bangladesh?
Remittance is growing because of the national election. People are sending money from abroad to fund election costs. Also, people aren’t using illegal “Hundi” paths. Banking channels now have stable dollar rates. This makes people send more money through banks.
How can money (such as remittances) be withdrawn?
Banks are closed for four days during the election. You cannot withdraw money from bank branches. Mobile banking like bKash or Rocket is limited. You can still use ATM cards. Some banks allow you to take out 2 lakh taka from an ATM.
Will this hype in remittances last for a long time?
Bankers believe the high flow will last until the election. Much of the money is for election spending. The sources suggest this trend is specifically linked to the election period.
Source: Prothom Alo