Like previous years during Eid, Bangladeshi expatriates across the world have sent additional amount of remittances directly to their loved ones’ bKash accounts back home. Expatriates have been legally sending remittances through bKash accounts using e-wallet or agent point of Money Transfer Organizations (MTOs) partnered with bKash. Compared to last
Tag: remittances
BKTCC holds discussion on remittances
Bangladesh Korea Technical Training Center (BKTTC) in association with Islami Bank Bangladesh PLC (IBBL) organized a discussion for outgoing expatriates to send remittances through legal channels at BKTTC auditorium on February 13, a press release said Wednesday. Engr Md Lutfur Rahaman, principal of BKTTC, presided over the program while Miftah
28 win diamond pendants by sending remittances thru’ bKash
PM asks expats to shun hundi in remittances
Prime Minister Sheikh Hasina on Wednesday asked the expatriate Bangladeshis not to send money home through the hundi, a cross-border money transfer method that bypasses the legal banking system. "I would like to request those who use hundi to stop it and instead send the money directly through banking channels," she
Country gets $10.49b remittances in six months: BB
Bangladesh received USD $1.70 billion inward remittance in December 2022 through the banking channel, up by 4.23 percent compared to the same month of the previous year. In November, the expatriates sent home $1.59 billion through the legal channel, according to Bangladesh Bank an updated report released on Sunday. The central bank
BB allows MFS providers to bring remittances
Bangladesh Bank has allowed mobile financial service (MFS) providers to bring inward remittance, in order to increase remittance inflow. The foreign exchange policy department of Bangladesh Bank issued a circular in this regard on Tuesday. According to the circular, authorized dealers can make drawing arrangements directly with exchange houses abroad
BB cuts banks’ power to waive interest on loans
Bangladesh Bank (BB) has curtailed the powers of the banks' board of directors to waive interest on loans without consultations with the relevant departments, while allowing mobile financial service (MFS) providers to repatriate export income and inward remittances. The central bank's directive came through two circulars issued separately by the
BB asks banks to provide Tk 107 per dollar in remittances
Bangladesh Bank has asked banks to provide Tk 107 against per US dollar inward remittance. A remitter will now get Tk 107 per dollar, even if they send remittance directly through banks.Currently, remitters are getting Tk 99.5 per dollar through the banking channel. Remittance flow through banks fell drastically in
RMG exports, remittances grow amid global crisis
Bangladesh is performing well in three important indicators of the economy amidst the global financial crisis. The latest data of different economic indicators show that despite the global crisis, Bangladesh is turning around in export of garment items. In the first five months of this calendar year, Bangladesh's garment exports to the
Remittances rise in 2021 despite pandemic
Despite a six-month decline caused by Covid-19 pandemic, remittances rose to a new height of $2,207 crore in 2021, surpassing the preceding year’s record of USD 2,174. The country’s remittances were $164.90 crore in December that helped achieving the new record, according to the Bangladesh bank data. However in the first six