Hundi
What lies ahead for Bangladesh’s economy?
To overcome the economic crisis, no doubt, the country needs strong economic leadership, backed by strong political will.
Hundi at play in dipping remittance inflow: Bangladesh Bank
The remittance experienced a sharp decline—13.5 percent year-on-year—when it hit $4.91 billion in the July-September quarter of 2024, down from $5.67 billion in the same period previous year, according to the quarterly data of the central bank.
Who buys property abroad, and who pays for it?
These cases of illegal property purchase abroad are not the main acts of corruption – these are the symptoms.
Downfall of remittance inflow again
Time to rethink our fixed exchange rate policy.
Why the fall in remittances?
Take concrete steps to address loopholes in the system
Do we really know how hundi works?
A more comprehensive analysis is needed to gather a complete picture of the hundi business.
‘Unpredictability has become the new normal’
Unpredictability has become the new normal in a world afflicted by the forces of deglobalisation amidst rising geopolitical tensions.
230 accounts of MFS providers frozen for hundi
The Bangladesh Financial Intelligence Unit (BFIU) yesterday froze 230 accounts of several mobile financial service providers as the accountholders were allegedly involved in hundi.
Two major economic woes Bangladesh needs to address right now
High inflation and low export and remittance earnings are a major cause for concern at the moment.
What's so wrong with hundi?
The central bank’s deviation from the policy commitment is the main reason why hundi-makers mushroomed at home and abroad.
The unjust and discriminatory face of corruption
The cost of grand corruption in Bangladesh is only continuing to go up.
Use legal channel instead of hundi to send remittance: experts
The government high-ups and the top commercial bankers today urged expatriate Bangladeshis to send their money through the legal channel instead of using hundi – an illegal cross-border money transfer network.
7 hundi agents held for money laundering
Law enforcers have claimed arrest of eight people for allegedly laundering in remittance from abroad via hundi – an under the radar money transferring system.
PayPal Xoom launched in Bangladesh
Prime Minister's ICT Adviser Sajeeb Wazed Joy yesterday said time to bring money from abroad through hundi and corruption was
Government walking a tightrope
The information being gleaned from suspects and their laptops is that there is external finance being funnelled in through informal channels such as hundi. But the most worrying development is the discovery of bomb making material and knowhow amongst some of those arrested.
