Bangladesh has received over $1.05 billion in remittances in the first 12 days of August, according to Bangladesh Bank — a sharp rise from $721 million during the same period last year. In the 2024–25 fiscal year just ended, remittance hit a record $30.33 billion. July alone saw $2.47 billion, marking a 29% year-on-year growth. The surge has strengthened foreign exchange reserves, now standing at $30.24 billion as of August 10, and eased pressure on the dollar market.