Business

Remittance declines 16.27% in April

Migrant workers sent home $1.68 billion in April
remittance earning of Bangladesh

Despite a surge in the outflow of migrant workers, remittances to Bangladesh declined 16.27 per cent year-on-year to $1.68 billion in April, an unpromising development that may deepen the volatility in the economy.

A Bangladesh Bank official said the hundi cartel, an illegal cross-boundary financial transaction, is mainly responsible for the slide in remittance.

Remittances, however, slightly increased 2.36 per cent year-on-year to $17.71 billion in the first 10 months of this fiscal year, data from the Bangladesh Bank showed.

The country's foreign exchange reserves also fell below $31 billion on April 30 amid the downward trend of remittances, which is one of the major sources for the state coffer.

 

Comments

Remittance declines 16.27% in April

Migrant workers sent home $1.68 billion in April
remittance earning of Bangladesh

Despite a surge in the outflow of migrant workers, remittances to Bangladesh declined 16.27 per cent year-on-year to $1.68 billion in April, an unpromising development that may deepen the volatility in the economy.

A Bangladesh Bank official said the hundi cartel, an illegal cross-boundary financial transaction, is mainly responsible for the slide in remittance.

Remittances, however, slightly increased 2.36 per cent year-on-year to $17.71 billion in the first 10 months of this fiscal year, data from the Bangladesh Bank showed.

The country's foreign exchange reserves also fell below $31 billion on April 30 amid the downward trend of remittances, which is one of the major sources for the state coffer.

 

Comments

ইসরায়েলের প্রধানমন্ত্রী বেনিয়ামিন নেতানিয়াহু। ছবি: এএফপি

বিমানবন্দরে হামলা: হুতি ও ইরানের বিরুদ্ধে প্রতিশোধের অঙ্গীকার নেতানিয়াহুর

সামাজিক মাধ্যম টেলিগ্রামে প্রকাশিত ভিডিওতে নেতানিয়াহু বলেন, অতীতেও ইরানের সমর্থনপুষ্ট (হুতি) বিদ্রোহীদের বিরুদ্ধে ‘ব্যবস্থা নিয়েছে’ ইসরায়েল এবং ‘ভবিষ্যতেও উপযুক্ত ব্যবস্থা নেবে’।

৭ ঘণ্টা আগে