remittance

Remittance hit $24b in FY24, highest in three years

After hovering around the $21-billion mark for the previous two fiscal years, total remittances sent home by Bangladesh’s migrant workers reached nearly $24 billion in the just concluded fiscal year of 2023-24, providing some breathing space amid the forex crunch.

UAE emerges as top remittance source for Bangladesh

Bangladesh received the highest remittance from the United Arab Emirates in the first 10 months of the outgoing fiscal year, well ahead of traditional powerhouses such as Saudi Arabia and the United States, central bank figures showed.

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

July 2, 2024
July 2, 2024

Remittance hit $24b in FY24, highest in three years

After hovering around the $21-billion mark for the previous two fiscal years, total remittances sent home by Bangladesh’s migrant workers reached nearly $24 billion in the just concluded fiscal year of 2023-24, providing some breathing space amid the forex crunch.

June 25, 2024
June 25, 2024

UAE emerges as top remittance source for Bangladesh

Bangladesh received the highest remittance from the United Arab Emirates in the first 10 months of the outgoing fiscal year, well ahead of traditional powerhouses such as Saudi Arabia and the United States, central bank figures showed.

March 22, 2024
March 22, 2024

Why are so many seeking asylum in Europe?

Economic, political failures major drivers behind the surge

March 18, 2024
March 18, 2024

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.

February 26, 2024
February 26, 2024

We must protect vulnerable migrants

Alarming revelation about undocumented workers in Libya raises questions

February 20, 2024
February 20, 2024

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

February 1, 2024
February 1, 2024

Remittance rises in January, highest in seven months

Migrant workers sent home $2.1 billion in January

January 25, 2024
January 25, 2024

Policy actions can aid reintegration of returnee migrants

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

December 25, 2023
December 25, 2023

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

December 21, 2023
December 21, 2023

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.

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