remittance flows

High and low tide of inward remittance

Till the end of May our inbound remittance totaled $19.19 billion, $3.6 billion dollar less than that last year. With the current downward trend, in an optimistic estimate, we can eye a near $21 billion by the end of the financial year which would be 15 per cent less on a year-on-year basis. But based on this figure alone will it be justified to arrive at a decision that the magic of remittance have waned, we have run out of means to fill the increasing trade gaps, and are quickly embracing a bleak financial future? Before siding with a yes or a no let us revisit the trend of remittance flow. 

The future of remittance flows

While waiting for my connecting flight to Dhaka at Dubai's airport lounge, I came across throngs of fellow Bangladeshi nationals waiting to fly back home.

June 12, 2022
June 12, 2022

High and low tide of inward remittance

Till the end of May our inbound remittance totaled $19.19 billion, $3.6 billion dollar less than that last year. With the current downward trend, in an optimistic estimate, we can eye a near $21 billion by the end of the financial year which would be 15 per cent less on a year-on-year basis. But based on this figure alone will it be justified to arrive at a decision that the magic of remittance have waned, we have run out of means to fill the increasing trade gaps, and are quickly embracing a bleak financial future? Before siding with a yes or a no let us revisit the trend of remittance flow. 

July 8, 2015
July 8, 2015

The future of remittance flows

While waiting for my connecting flight to Dhaka at Dubai's airport lounge, I came across throngs of fellow Bangladeshi nationals waiting to fly back home.