Bangladesh receives $11.95b remittance in seven months

[bluesky]

Bangladesh receives $11.95b remittance in seven months

Bangladesh received $1704.45 million in remittances in January 2022, which is $73.79 million more than in December 2021. The Bangladesh Bank (BB) released the latest remittance update of inward remittances sent by the non-residents Bangladeshis (NRBs) through different banks. The remittance inflo

thefinancialexpress.com.bd

Bangladesh receives $11.95b remittance in seven months​

Published: February 01, 2022 22:01:42 | Updated: February 01, 2022 22:46:47

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Bangladesh received $1704.45 million in remittances in January 2022, which is $73.79 million more than in December 2021.

The Bangladesh Bank (BB) released the latest remittance update of inward remittances sent by the non-residents Bangladeshis (NRBs) through different banks. The remittance inflow got momentum through the legal channel in January as the government raised the incentive from 0.50 per cent to 2.5 per cent, insiders said.

Some banks also provided an additional 1.0 per cent to attract remittance through the particular banks, as per a UNB report. Bangladesh received $24.77 billion in the last 2020-21 fiscal year through the banking channel as the transaction through it came down due to international flight operation halted for Covid-19 pandemic.

The remittance inflow through the legal channel saw a decline in the current fiscal year as it got diverted to illegal channels, including hundi, after the global flight operation eased.

However, the overall remittance inflow is lower in the current financial year compared to the previous year. According to the central bank, Bangladesh received $11.95 billion in remittances in the first seven months of the current fiscal year.

The expatriates sent $1871.49 million in remittances in July, $ 1810.10 million in August, $ 1726.71 million in September, $ 1646.87 million in October, $1553.70 million in November, $1630.66 million in December and $1704.45 million in January of the current fiscal year (FY22).

How remittance benefits Bangladesh

The inward remittance to Bangladesh has lifted many people from poverty and served as a cushion for families during difficult times, as the country saw during the pandemic.
According to economists, remittance has been the backbone of the National economy as it provides inputs in financing Bangladesh's trade deficit.

According to a recent study by the World Bank, remittance has helped to reduce the poverty level in Bangladesh by 1.5 per cent.

 

[Bilal9]

Goriber rokto-khoon pani kora taka, haramzadara loot korey khaitesey.

Lakh lanaat to these haramkhors...

 

[bluesky]

Goriber rokto pani kora taka, haramzadara loot korey khaitesey.

Lakh lanaat to these haramkhors...

Total loot said by some social media is about 8,000,000 crore Taka or more than $90 billion so far. For the supporters of BAL part, it is a paltry $1,800 million every year on average since 1971, but the country's economy is bleeding.

Usually, the cheaters earn money inside the country through different illegal activities and send the money to Canada, America or UK by using Hundi.

So, technically, the money earned by the expatriates is being remitted by the cheaters by Hundi although the expatriates do not directly suffer. The law and order situation suffers because much of the money is earned by Police or RAB people who would take away a person and would demand ransom from the victim's family.

This is how many of them earn hundreds of crores of Taka. Much other money is earned from the China-funded project money.

Mother of Mafia Hasina Bibi, are you alright? People are saying you are already sick. I was expecting you to live until 2041 when the foreign debt is supposed to reach $400 billion or more.

The money that has been sent abroad is only to be confiscated now by the Western governments along with their multi-million dollar houses. The criminals have already lost their sleep.

I feel so sorry for the BD political and bureaucratic criminals!!