DHAKA, Feb. 1 (Xinhua) -- Remittances from overseas Bangladeshis in the July-January period of the current fiscal year 2025-2026 totaled nearly 20 billion U.S. dollars, the central bank reported Sunday.

People join a colorful procession to celebrate the Bengali New Year in Dhaka, Bangladesh on April 14, 2023. (Photo: Xinhua)

According to the Bangladesh Bank data, the remittances increased by 21.8 percent year on year to 19.436 billion dollars from July 2025 to January 2026.

The remittances hit an all-time high of over 30 billion dollars in the fiscal year 2024-25.

As one of the key sources of foreign exchange for the nation, most remittances come from Middle East countries, such as the United Arab Emirates, Saudi Arabia and Kuwait.