28 May 2025
In March 2025, Bangladesh made headlines by receiving a historic $3.29 billion in remittances, the highest single-month figure in the country’s history. This record-breaking inflow is more than just a number—it reflects the strength, resilience, and contribution of Bangladeshi expats worldwide, including those living and working in Latvia.
If you’re a Bangladeshi student, worker, or entrepreneur in Latvia, this development matters to you. Not only does it showcase the value of your hard-earned remittances, but it also highlights how much of a difference you make to your family and the national economy. Whether you send money to Bangladesh from Latvia monthly or occasionally, this milestone is a reminder of how important your support is.
Let’s explore what this remittance surge means for Bangladeshis in Latvia and how you can be part of the next financial wave, with smarter, faster, and more secure ways to send funds home.
Remittances are a major source of foreign income for Bangladesh, playing a crucial role in economic stability and poverty reduction.
The spike in March was fueled by several factors:
According to The Daily Star, this surge represents confidence in digital platforms and formal money transfer services.
Living in Latvia brings new opportunities but also responsibilities, especially when it comes to supporting your family in Bangladesh. Here's why this remittance record is relevant to you.
Every taka you send home matters. Whether you work in tech, hospitality, or as a student taking up part-time work, your contribution is part of this $3.29 billion story.
As the volume of remittances grows, so does the need for secure, low-cost, and fast transfer options. Trustworthy platforms like ACE Money Transfer make it easier for you to send money to Bangladesh from Latvia online without hidden charges or long wait times.
Sending money through legal, digital channels not only ensures your money reaches safely but also allows you to enjoy government incentives and better exchange rates.
With this remittance surge, more expats are turning to online platforms that offer convenience, speed, and security.
Here’s why digital transfers are the preferred choice for most Bangladeshis in Latvia:
Choosing the right platform for money transfer to Bangladesh from Latvia can save you time, stress, and money. ACE Money Transfer is one of the most reliable services that connects you with your loved ones faster and cheaper than traditional banks.
Now that you’re part of a global movement contributing to Bangladesh’s remittance economy, here are a few ways to maximise the impact of your money:
Timing your transfers during high exchange rates or just before key festivals like Eid can give your family more value for the same amount.
Avoid using informal channels that are risky and may not be eligible for government incentives. Instead, send money to Bangladesh from Latvia online using regulated services like ACE Money Transfer.
Use money transfer apps to track your transfer history. Create a budget so you can send consistently without affecting your savings or lifestyle in Latvia.
Latvia, especially cities like Riga and Daugavpils, is becoming home to a growing number of Bangladeshi students, workers, and families. Being informed about your remittance options can help you stay financially secure and socially connected.
If you're new in Latvia, here are some resources to help you settle in:
Bangladesh’s remittance record in March 2025 isn’t just a news headline—it’s a tribute to the efforts of millions of expats like you. If you’re in Latvia, know that you’re part of something powerful. Your money doesn’t just support your family; it builds communities and strengthens an entire nation.
Whether you're sending funds for Eid, education, or emergencies, use trusted services like ACE Money Transfer for a safe and efficient money transfer to Bangladesh from Latvia. Together, let's keep the remittance engine running strong for you, your loved ones, and Bangladesh. ACE Money Transfer has earned a stellar 4.7 Trustpilot rating from 135,000 reviews, reflecting their consistent commitment to customer satisfaction.
March 2025 saw a record $3.29 billion in remittances due to Eid preparations, favourable exchange rates, and increased digital transfers from expats around the world.
Using regulated services like ACE Money Transfer ensures that your funds reach your family safely, quickly, and with minimal fees.
Yes, the Bangladeshi government offers a 2.5% incentive for remittances sent through legal and formal channels, including digital platforms.
Festive periods like Ramadan or when exchange rates are favourable are great times to send money for maximum value.
With platforms like ACE Money Transfer, your money can be delivered within minutes, depending on the payment method and receiving option.
