The government has decided to increase the cash incentive on sending remittance to 2.5 percent from the existing 2 percent in order to encourage sending remittances through legal channels. The decision, which came into effect from Saturday, is expected to improve the overall living standards of common people, boosting the foreign
Tag: Remmitence
BB allows receiving remittances through OPGSPs
Bangladesh Bank (BB) has allowed receiving inward remittances through online payment gateway service providers (OPGSPs). The foreign exchange policy department of the central bank on Monday issued a circular approving the authorized dealers (ADs) banks to repatriate remittances through OPGSPs. The circular states that ADs are required to enter into an arrangement