The US House Budget Committee voted late on Sunday to move forward with President Donald Trump's "One Big Beautiful Bill Act", a proposal that could make sending money back home more expensive for three lakh Bangladeshis currently living in the United States.

Remittance inflow in the first ten months and eleven days of this fiscal year surpassed $25 billion, breaking all previous records.

Migrants sent home $2.6 billion in the first 29 days of April

Remittance inflow posted a 65% year-on-year jump

The inflow was 82.46 percent higher than the same period last year, according to industry insiders. 

Remittance inflows surged by around 78 percent year-on-year in the first 19 days of March as migrant workers sent more money home to relatives ahead of Eid-ul-Fitr, the largest religious occasion in the country.

Migrants sent home $2.52 billion in February

Migrants sent home $2.18 billion in the first month of 2025

Remittance inflow also broke single-month record in December

However, November’s inflow of $2.2 billion was 8.16% lower than the previous month

Migrant Bangladeshis sent home $2.39 billion in October

Repayments will be made from the remittances sent home

Migrant Bangladeshis sent in $2.40 billion in September, 8.12% higher than August

Imports, remittances and forex reserves are likely to increase, the leading chamber says

Reserves stood at $20.48 billion on July 31, down from $21.78 billion a month ago

The move was taken to boost remittance inflow

It hit $2.54 in June this year, up from $2.19 billion in the same month last year

Bangladesh's gross domestic product (GDP) growth will decrease to 5.7 percent in 2024-25 from 5.8 percent in the current fiscal year while inflation will ease to 8 percent, according to the Mastercard Economic Institute (MEI).

Of the $21.61 billion remittance Bangladesh received in FY23, only $44.99 million came from Saarc countries

$2.25 billion remittance came in May this year, up from last year same month's $1.7 billion