Many are sympathetic towards migrant workers for justifiable reasons.
Inflation, which erodes the purchasing power for consumers as well as businesses, happens in two ways.
To overcome the economic crisis, no doubt, the country needs strong economic leadership, backed by strong political will.
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.
These cases of illegal property purchase abroad are not the main acts of corruption – these are the symptoms.
Time to rethink our fixed exchange rate policy.
Take concrete steps to address loopholes in the system
A more comprehensive analysis is needed to gather a complete picture of the hundi business.
Unpredictability has become the new normal in a world afflicted by the forces of deglobalisation amidst rising geopolitical tensions.
High inflation and low export and remittance earnings are a major cause for concern at the moment.
Remittances sent by expatriate Bangladeshis are one of the vital sources of foreign currencies for the country’s economy.
The central bank’s deviation from the policy commitment is the main reason why hundi-makers mushroomed at home and abroad.
The cost of grand corruption in Bangladesh is only continuing to go up.
The government high-ups and the top commercial bankers today urged expatriate Bangladeshis to send their money through the legal channel instead of using hundi – an illegal cross-border money transfer network.
Law enforcers have claimed arrest of eight people for allegedly laundering in remittance from abroad via hundi – an under the radar money transferring system.
Prime Minister's ICT Adviser Sajeeb Wazed Joy yesterday said time to bring money from abroad through hundi and corruption was
The information being gleaned from suspects and their laptops is that there is external finance being funnelled in through informal channels such as hundi. But the most worrying development is the discovery of bomb making material and knowhow amongst some of those arrested.
