Expatriate Bangladeshis sent home a record $26.9 billion, up 23 percent year-on-year, in a development that will bring a huge sigh of relief to policymakers as they endeavour to shore up strained dollar stockpile.
Despite a record increase in remittance this year, experts and migrant workers say the government has yet to take meaningful steps to alleviate their suffering or ensure their benefits and welfare.
Migrant Bangladeshis sent home $2.39 billion in October
Nurses are professionals who act as a constant support system in treating the ill, elderly, and injured with an unbelievable amount of kindness, compassion, and respect. Often referred to as the heart of the healthcare system, nursing is among the very few professions in the world that work round the clock and all around the year.
Remittance inflows hit a seven-month high in March as expatriate Bangladeshis sent more money home for Ramadan and Eid-ul-Fitr.
Eminent economists have blamed the hundi market for the sorry state of Bangladesh’s forex reserves and the downward pressure on our exchange rate.
The following year, 757,731 migrant workers left the shore. But the remittance receipt was 10.9 percent lower at $13.61 billion.
Remittance flow to Bangladesh rose to a five-month high in January as banks have given all-out efforts to mobilise dollars from abroad to tackle the stress in the foreign exchange market.
Both global and local macro-challenges can have serious implications for the people of Bangladesh
Interventions must involve fiscal policy to address our fundamental economic issues
Despite a surge in the outflow of migrant workers, remittances to Bangladesh declined 11 percent year-on-year to $1.54 billion in September, the lowest in seven months.
Five hundred deaths a month. Is that natural?
The cost of grand corruption in Bangladesh is only continuing to go up.
Migrant workers and Bangladeshis living abroad sent more than $2 billion in each of the first two months of the current fiscal year, a promising sign for the economy.
The economy needs firm handling to ensure the situation doesn't turn into a crisis.
Airport and Biman officials must provide quality service to all
Bangladesh received US$ 1.64 billion inward remittance till July 21, due to Eid-ul-Azha when Bangladeshi migrants sent more money to families to celebrate one of the biggest festival of Muslims, according to data from Bangladesh Bank.
Inward remittance to Bangladesh fell by 15 per cent year-on-year to $21.03 billion in the just-concluded fiscal year, intensifying pressure on the country’s macroeconomy, central bank data showed today.
Remittance inflow may rebound significantly in Bangladesh in 2022-23 fiscal year as increased number of people flew abroad for jobs, Bangladesh Bank (BB) Governor Fazle Kabir said today.
