remittance
Remittance crosses $2-billion mark for second consecutive month
Bangladesh’s remittance earnings crossed the $2-billion mark for the second consecutive month in August.
How can we increase our remittance?
Remittances sent by expatriate Bangladeshis are one of the vital sources of foreign currencies for the country’s economy.
Remittance crosses $2-billion mark for second consecutive month
Bangladesh’s remittance earnings crossed the $2-billion mark for the second consecutive month in August.
Remittance inflow rises 11.76% to $2.09 billion in July
Remittance flow to Bangladesh rose 11.76 per cent year-on-year to $2.09 billion in July, a development that would bring some relief for the country that is struggling to keep its foreign currency reserves in a healthy shape.
“Bangladesh won’t depend on remittance alone”
Prime Minister Sheikh Hasina today (July 31, 2022) said Bangladesh will not depend on remittance alone and will diversify products to expand the export basket for which new international markets have to be explored.
US$ 1.64bn remittance received in 21 days of July: Bangladesh Bank
Bangladesh received US$ 1.64 billion inward remittance till July 21, due to Eid-ul-Azha when Bangladeshi migrants sent more money to families to celebrate one of the biggest festival of Muslims, according to data from Bangladesh Bank.
Dip in remittance: Hundi at play again
Remittance inflow fell in 11 months of the current fiscal year mainly because a large number of migrants switched to informal channels like hundi from formal ones for sending money, say experts.
‘Accreditation essential for sustainable economic growth’
Bangladesh should ensure accreditation for local products to increase export earnings, reduce cost and time and implement the Sustainable Development Goals, speakers at a seminar said today.
Remittance: No need to submit papers to get incentive
Bangladesh Bank yesterday relaxed the rules related to a 2.5 per cent cash bonus offered as an incentive to remitters if they send money home through official channels.
2 months' remittance enough to clear foreign debts: Finance Minister
Finance Minister AHM Mustafa Kamal today said there is nothing to worry about Bangladesh's foreign debt as the annual repayment amount is equivalent to only two months' remittance income of the country.
Bangladesh 7th highest remittance recipient: World Bank
Bangladesh has retained its position as the recipient of the seventh highest amount of money transferred by migrant workers among 10 top recipient nations in 2021.