remittance

DOLLAR SHORTAGE / Let taka depreciate further: economists

As the US dollar shortage persists, businesses in Bangladesh are increasingly finding it difficult to open letters of credit (LCs) since banks can’t supply the adequate American greenback needed to finance imports.

Remittance flow hits five-month high

Remittance flow to Bangladesh rose to a five-month high in January as banks have given all-out efforts to mobilise dollars from abroad to tackle the stress in the foreign exchange market.

‘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.

Remittance brings $1.7 billion in December

Bangladesh received $1.7 billion in remittance in December, up 4.29 per cent year-on-year, central bank data showed today.

Remittance outflow crosses $100m -- thru legal channel

Outward remittances from Bangladesh through legal channels crossed the $100-million mark for the first time in 2021 as more foreigners are working in the fast-growing economy, data from a global organisation showed.

2022: a year of revival, struggle and resilience

Bangladesh welcomed 2022 on a strong footing and was about to recover from the coronavirus pandemic in full swing and fire on all cylinders. In fact, economic activities were almost back to the pre-Covid level.  

Mobile financial services allowed to bring in remittance

Mobile financial service providers (MFSPs) have been allowed to bring in wage earners’ remittance to Bangladesh, said the central bank today.

Revisit process of policymaking, not just the policies

The burden of imported inflation and supply-side implications of reduced imports will have adverse implications for economic growth and welfare, particularly of marginalised people.

Digital literacy training for expats can boost remittance flow

Bangladesh should train migrant workers on digital literacy so that they send remittance home through legal channels and using electronic platforms instead of turning to hundi operators, speakers said today.

February 2, 2023
February 2, 2023

Let taka depreciate further: economists

As the US dollar shortage persists, businesses in Bangladesh are increasingly finding it difficult to open letters of credit (LCs) since banks can’t supply the adequate American greenback needed to finance imports.

February 1, 2023
February 1, 2023

Remittance flow hits five-month high

Remittance flow to Bangladesh rose to a five-month high in January as banks have given all-out efforts to mobilise dollars from abroad to tackle the stress in the foreign exchange market.

January 5, 2023
January 5, 2023

‘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.

January 1, 2023
January 1, 2023

Remittance brings $1.7 billion in December

Bangladesh received $1.7 billion in remittance in December, up 4.29 per cent year-on-year, central bank data showed today.

December 26, 2022
December 26, 2022

Remittance outflow crosses $100m -- thru legal channel

Outward remittances from Bangladesh through legal channels crossed the $100-million mark for the first time in 2021 as more foreigners are working in the fast-growing economy, data from a global organisation showed.

December 20, 2022
December 20, 2022

2022: a year of revival, struggle and resilience

Bangladesh welcomed 2022 on a strong footing and was about to recover from the coronavirus pandemic in full swing and fire on all cylinders. In fact, economic activities were almost back to the pre-Covid level.  

November 29, 2022
November 29, 2022

Mobile financial services allowed to bring in remittance

Mobile financial service providers (MFSPs) have been allowed to bring in wage earners’ remittance to Bangladesh, said the central bank today.

November 23, 2022
November 23, 2022

Revisit process of policymaking, not just the policies

The burden of imported inflation and supply-side implications of reduced imports will have adverse implications for economic growth and welfare, particularly of marginalised people.

November 9, 2022
November 9, 2022

Digital literacy training for expats can boost remittance flow

Bangladesh should train migrant workers on digital literacy so that they send remittance home through legal channels and using electronic platforms instead of turning to hundi operators, speakers said today.

November 6, 2022
November 6, 2022

Banks withdraw service charge on remittance

Banks in Bangladesh today decided to withdraw service charge on remittances sent home by expatriate Bangladeshis with a view to gearing up the inflow.