Remittance
Farashuddin recommends introducing unified exchange rate
He spoke at the third AKN Ahmed Memorial Lecture on Central Banking
Remittance hits eight-month high
In February, migrants sent home $2.16 billion, up 39% year-on-year
$12.9b in remittances received in last 6 months
Finance Minister Abul Hasan Mahmud Ali today told the parliament from July to July to January of the current financial year (2023-24), the country received some $12.9 billion ($12, 900.63 million) in remittances
MFS transactions grow fourfold in five years
People made Tk 4,100 crore MFS transactions in 2023's December
Remittance rises in January, highest in seven months
Migrant workers sent home $2.1 billion in January
Bank MDs prefer moving to Canada’s Begum Para after retirement
Immediate past state minister for planning Shamsul Alam says
Forex reserves fall after $1.27b ACU payment
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.
Star, BRAC launch ‘Remittance Award’
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 hike dollar prices for remitters, exporters
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.
Forex reserves fall to $31.15 billion
Bangladesh Bank cleared $1.05 billion ACU payment on March 6
Remittance rises 4.46% in February
However, February's remittance of $1.56 billion was 20.3 per cent lower than the previous month's $1.95 billion
How USA becomes top remittance source beating Saudi Arabia
The USA has 5 lakh Bangladeshi migrant workers and Saudi Arabia 20 lakh
USA continues to be Bangladesh's top source of remittance
Bangladeshis in the North American country sent home $966.89 million in the October-December period of 2022
Per capita income misses estimates
Bangladesh's per capita income stood at $2,793 in fiscal 2021-22 -- $31 lower than the initial estimate as the steep depreciation of the taka messed up the government’s numbers.
New window to be introduced for Islamic banks’ liquidity support
The Bangladesh Bank will introduce another tool to provide liquidity support to the cash-strapped shariah-based banks in order to cushion their ailing financial health.
IMF releases $476.27 million as first loan instalment for Bangladesh
The International Monetary Fund (IMF) has disbursed $476.27 million to Bangladesh as the first instalments of $4.7 billion loan it approved early this week.
Bangladesh’s forex reserves to hit 4-year low in FY23: IMF
Bangladesh’s gross foreign exchange is likely to stand at $30 billion at the end of 2022-23 fiscal year, lowest in four years, according to the International Monetary Fund (IMF).
