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”.
‘Local conglomerates lost Tk 65,000cr for dollar price hike’
Bangladeshi conglomerates counted Tk 65,000 crore in losses in the last one year because of the fall of the local currency against the US dollar, which made loans costlier amid global economic volatility, a noted economist said today.
Where did most Bangladeshi migrant workers go in 2022?
Over 11.35 lakh Bangladeshis migrated to foreign nations in 2022, the highest ever in the history of the south Asian country.
How did 2022 go for Bangladesh?
Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.
Bangladesh’s remittance to drop by $1b this year
Remittance flow to Bangladesh is projected to drop by $1 billion to $21 billion this year from $22 billion last year, according to the World Bank.
In a stadium of their own, migrant workers say their sweat made World Cup happen
Taking selfies from the stands and sitting on the grassy pitch, thousands of migrant workers gathered in a Doha stadium to watch the opening match of the first World Cup in the Middle East.
Jamuna Bank gets nod to establish exchange house in Spain
Jamuna Bank Limited has received approval from the Bangladesh Bank to establish an exchange house in Spain.
230 accounts of MFS providers frozen for hundi
The Bangladesh Financial Intelligence Unit (BFIU) yesterday froze 230 accounts of several mobile financial service providers as the accountholders were allegedly involved in hundi.
LIVE UPDATE: ‘Make dollar exchange rate free for Bangladesh’
The exchange rate of dollar needs to be freed to make the garment business profitable at this crisis time, said a top leader of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today.
LIVE UPDATE: ‘Complacency responsible for falling forex reserve’
"Complacency has brought us to the current forex reserve situation,” said Salehuddin Ahmed, former governor of the Bangladesh Bank.
LIVE UPDATE: Come up with strategy now to stop depletion of forex reserves: Ahsan H Mansur
The government should come up with a clear strategy to stop fast depletion of the foreign currency reserves in a bid to save the country from a major crisis, said a noted economist today.
