Migrant workers sent home $2.1 billion in January
Immediate past state minister for planning Shamsul Alam says
Bangladesh’s foreign exchange reserves fell to $20.38 billion yesterday after the central bank settled import bills of two months through the Asian Clearing Union (ACU), a top official said today.
To honour the contributions of migrant workers to the country’s GDP growth and their role in enriching foreign currency reserves, The Daily Star and BRAC have jointly initiated the “Remittance Award”.
Banks will buy dollar at Tk 110, sell at Tk 110.5 from Nov 23
The Policy Research Institute of Bangladesh says in a press briefing
The Finance Minister AHM Mustafa Kamal today sought innovative suggestions from economists and sector experts to identify the reasons why inward remittance flow is not growing to the expected level, despite massive manpower exports and many students staying back and working abroad
Migrant workers sent $21.61 billion to Bangladesh in the just-concluded fiscal year as remittance rebounded on the back of higher flow on the occasion of Eid-ul-Azha and a record outflow of labourers, official figures showed yesterday
The government is contemplating increasing the incentive on remittance, said Planning Minister MA Mannan today
Bankers today decided to pay a total of Tk 110.70 to migrant workers and non-resident Bangladeshis for a US dollar from this week in order to encourage them to send foreign currency through formal channels, according to a meeting.
However, February's remittance of $1.56 billion was 20.3 per cent lower than the previous month's $1.95 billion