Why is remittance decreasing but imports rising?
Manpower export from Bangladesh rose 185 per cent year-on-year in the first eight months—which is a record. However, remittance inflow and export earnings fell in September when the country's import volume continue increasing.
Because of these three, additional pressure has been created on the foreign exchange reserves of Bangladesh.
In today's Straight from Star Newsroom, The Daily Star Reporter AKM Zamir Uddin explained to Md Asaduz Zaman why Bangladesh's remittance and export earnings increased at a time when its imports spiralled. How will it affect the country's forex market and what is the way out?