remittance

Why are so many seeking asylum in Europe?

Economic, political failures major drivers behind the surge

Can Bangladesh boost agriculture production to reduce import?

Bangladesh's economy heavily depends on garment exports and remittances for its foreign exchange reserves, with limited diversification in agricultural products. Despite being an agrarian society, it imports key agriculture-related products, straining reserves.

We must protect vulnerable migrants

Alarming revelation about undocumented workers in Libya raises questions

Suspicious transaction, activity reports in banks up 65% in FY23

Suspicious transaction and activity reporting shot up 65 percent year-on-year to 14,106, with 91 percent of the reports filed by scheduled banks, according to the annual report of BFIU

Remittance rises in January, highest in seven months

Migrant workers sent home $2.1 billion in January

Policy actions can aid reintegration of returnee migrants

The return and reintegration of migrants is an integral part of the migration cycle

Integrating Bangladeshi diaspora with our growth story

Bangladesh has long relied on its diaspora's remittances, accounting for 4.76 percent of GDP in 2022-23 – the true potential lies in fostering deeper engagement

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.

Remittances climb, buoyed by higher exchange rate

The inflow of remittance to Bangladesh increased 21 percent year-on-year to $1.93 billion in November as most banks are offering higher rates for the US dollar to boost foreign currency collection.

June 26, 2023
June 26, 2023

Remittance hits 3-month high

Remittance flows to Bangladesh rose to a three-month high in June as expatriates sent home $1.79 billion in the first 23 days of the month to help their families celebrate Eid-ul-Azha.

June 21, 2023
June 21, 2023

Forex reserves cross $30 billion

Thanks to higher inflow of remittances for Eid-ul-Azha

May 30, 2023
May 30, 2023

Budget Subsidies: Big chunks go to power, fertiliser

The allocation for subsidies in agriculture, food, and power will be raised considerably in the next budget, with an aim to ease inflationary pressure on people.

May 21, 2023
May 21, 2023

Islami Bank remains top remittance collector

Islami Bank Bangladesh Ltd (IBBL) retained its top spot as the biggest remittance collector as it brought home the highest amount of funds sent home by migrant workers in January-March of 2023, official figures showed.

May 2, 2023
May 2, 2023

Remittance declines 16.27% in April

Migrant workers sent home $1.68 billion in October

April 2, 2023
April 2, 2023

Remitters sent home $2.02 billion in March

The amount is a seven-month high

March 4, 2023
March 4, 2023

Why the fall in remittances?

Take concrete steps to address loopholes in the system

March 1, 2023
March 1, 2023

Remittance rises 4.46% in February

However, February's remittance of $1.56 billion was 20.3 per cent lower than the previous month's $1.95 billion

February 22, 2023
February 22, 2023

Declaration not needed to send remittances up to $20,000

According to the Guidelines for Foreign Exchange Transactions 2018, a declaration is not required against inward remittances up to $10,000 or its equivalent.

February 21, 2023
February 21, 2023

How USA becomes top remittance source beating Saudi Arabia

The USA has 5 lakh Bangladeshi migrant workers and Saudi Arabia 20 lakh

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