Patriot forever
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Bro the Forex from abroad has historically been increasing regularly, not to any Govt intervention. Every year more people run away and seek employment abroad. Check just BD and how much a smaller country is doing much better than us.
Care to explain the % increase in remittances YoY from 2013 to 2021?
In the recent spike 3 factors played a crutial role.
1) FATF rules and regulations along with crackdown on hundi and hawala.
2) Market based currency (as previously they were loosing money due to overvalued currency)
3) Covid based travel restrictions that compelled a lot to move to formal banking channels.