He spoke at the third AKN Ahmed Memorial Lecture on Central Banking
Finance Minister Abul Hasan Mahmud Ali today told the parliament from July to July to January of the current financial year (2023-24), the country received some $12.9 billion ($12, 900.63 million) in remittances
People made Tk 4,100 crore MFS transactions in 2023's December
Migrant workers sent home $2.1 billion in January
Immediate past state minister for planning Shamsul Alam says
Bangladesh’s foreign exchange reserves fell to $20.38 billion yesterday after the central bank settled import bills of two months through the Asian Clearing Union (ACU), a top official said today.
To honour the contributions of migrant workers to the country’s GDP growth and their role in enriching foreign currency reserves, The Daily Star and BRAC have jointly initiated the “Remittance Award”.
Bankers today decided to pay a total of Tk 110.70 to migrant workers and non-resident Bangladeshis for a US dollar from this week in order to encourage them to send foreign currency through formal channels, according to a meeting.
However, February's remittance of $1.56 billion was 20.3 per cent lower than the previous month's $1.95 billion
The USA has 5 lakh Bangladeshi migrant workers and Saudi Arabia 20 lakh
Bangladeshis in the North American country sent home $966.89 million in the October-December period of 2022
Bangladesh's per capita income stood at $2,793 in fiscal 2021-22 -- $31 lower than the initial estimate as the steep depreciation of the taka messed up the government’s numbers.
The Bangladesh Bank will introduce another tool to provide liquidity support to the cash-strapped shariah-based banks in order to cushion their ailing financial health.
The International Monetary Fund (IMF) has disbursed $476.27 million to Bangladesh as the first instalments of $4.7 billion loan it approved early this week.
Bangladesh’s gross foreign exchange is likely to stand at $30 billion at the end of 2022-23 fiscal year, lowest in four years, according to the International Monetary Fund (IMF).