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Expatriates' remittances are key drivers of the economy: PM Hasina

Own Correspondent, Dhaka, 16 January 2024: Awami League President and Prime Minister Sheikh Hasina said that diaspora made a big contribution in creating global public opinion in the freedom struggle. Expatriates have contributed in every movement-struggle, liberation war. Now remittances sent by expatriates are the main driving force of the economy of Bangladesh. She said these things in an exchange meeting with expatriate Awami League leaders and activists at Ganobhaban on Tuesday afternoon.

Looking for structural reforms to boost remittances: Finance Minister

Own Correspondent, Dhaka, 25 September 2023: Finance Minister AHM Mustafa Kamal has said that the government is looking for structural reforms to increase remittances.

Daily remittances before Eid-ul-Azha are Tk 694 crore

Dhaka, June 19: Ahead of the holy Eid-ul-Azha, the pace of expatriate income (remittance) has increased. About 6.40 crore USD or 694 crore taka (about 108 taka 50 paise per dollar) is coming to the country every day in this month of June. If the trend of remittances continues, it will reach close to two billion (over $191 crore) by the end of the month.

Remittance worth Tk 17,000 crore received in February

Dhaka, March 2: Bangladesh Bank has taken various initiatives to increase remittances through banking channels. Incentive on remittances increased from two percent to two and a half percent. However, remittances (expatriate income) are not coming to the country as expected.

Bangladesh recording daily remittances in excess of Tk 688 crore

Dhaka, February 14: Remittance flows have started to turn positive. In the first month of this year, Bangladeshi expatriates in different countries of the world sent remittances of 195.88 crore US dollars to the country. Which is more than 20 thousand 959 crores in Bangladeshi currency (as 107 taka per dollar). According to that, the average daily remittances are more than 6.31 crore dollars. In the previous month of December, remittances came in at 169 crore dollars.

Expatriate income increases

Dhaka, February 2: In the midst of the dollar crisis, there is a breath of fresh air in expatriate income. In the first month of this year, January, remittances of 195.88 crore dollars have arrived. In Bangladeshi currency (with per dollar as 107 taka) this amount is more than 20 thousand 959 crore taka. That means more than 6.31 crore dollars have come every day. In the previous month, the remittance of 169 crore dollars came in December. This information is known from the report of Bangladesh Bank.

Remittances witness growth

Dhaka, January 23: Remittances from expatriates, one of the main sources of demand for dollars, have suffered. As a result, the pressure on the foreign exchange reserves is gradually decreasing. According to the data of Bangladesh Bank, after last December, the flow of remittances sent by expatriates has increased in the current month of January.

Expatriate income slowing down as country receives $350 million in six days

Dhaka, October 11: Incentives to increase remittance flows have been increased from two percent to two and a half percent. However, the speed did not increase much. Expatriate Bangladeshis sent USD 1.54 billion to the country in September. This figure was the lowest in the last seven months.

Remittances crosses 2 billion dollars in August as well

Dhaka, September 2: The benefits of various concessions and benefits given by the government to increase expatriate income or remittance flow are coming together. In the first two months of the current financial year, expatriates have sent more than 2 billion dollars in remittances. In the recently concluded month of August, remittances of 203 crore 78 lakh (2.03 billion) US dollars have arrived. In local currency (at 95 taka per dollar) which amounts to 19 thousand 359 crore taka.

Expatriate income declines for fifth consecutive month

Dhaka, November 2: Expatriate income also declined in October as expatriates sent USD 164.68 crore to the country (Tk 13,997.80 crore). The amount of expatriate income in September was USD 172.67 crore (Tk 14,676.95 crore). As a result, the expatriate income has decreased by Tk 679.15 crore last month as compared to September. Expatriate income has been on a downward trend for five consecutive months, according to Bangladesh Bank sources.