Booming economy during Eid
Booming economy during Eid

The political alteration in the country has deeply affected the economy, resulting in an interrupt in investment and employment. The budget implementation has also been hindered, with a revenue shortfall of nearly 58 thousand crore taka for the government. Seven months after the interim government...

Expatriates send $192cr in remittances in 22 days of Feb
Expatriates send $192cr in remittances in 22 days of Feb

Bangladeshi expatriates sent $192.99 crore in remittances in the first 22 days of February which is equivalent to 23 thousand 544 crore 78 lakh Taka. According to Bangladesh Bank data, of the $192.99 crore received so far in February, $68.69 crore came through state-owned banks, $14.43 crore...

Bangladesh receives Tk 16,000 crores in remittances in 15 days
Bangladesh receives Tk 16,000 crores in remittances in 15 days

In the first 15 days of February, expatriate Bangladeshis sent a total of 131 crore 23 lakh 30 thousand US dollars in remittances through legal channels, amounting to 16,000 crore Bangladeshi Taka (at an exchange rate of 123 Taka per dollar). This translates to a daily average of 8.74 million...

Country poised for record remittance inflow this year: Governor
Country poised for record remittance inflow this year: Governor

Bangladesh is on track to set a record for inward remittances through legal channels this year, as expatriates regain trust in the banking system, said Bangladesh Bank Governor Dr Ahsan H Mansur, reports UNB. The governor made the remarks while addressing concerns over recent media reports...

United States overtakes UAE as leading source of expatriate remittances
United States overtakes UAE as leading source of expatriate remittances

The United States has surpassed the United Arab Emirates (UAE) in sending the most expatriate income, maintaining the top spot for three consecutive months. This marks a significant shift in global remittance trends, driven by a steady increase in U.S. expatriate remittances since political changes...

Expats send $73.66cr in remittances in 11 days of January
Expats send $73.66cr in remittances in 11 days of January

Expatriate Bangladeshis have sent $73.66 crore in remittances during the first 11 days of January, the first month of the new calendar. The daily average remittances to the country are $6.69 crore. According to the latest data received from the Bangladesh Bank on Saturday, Bangladesh received...

Overvaluation of taka threatens exports & remittances
Overvaluation of taka threatens exports & remittances

Economists and business leaders have raised concerns that the overvaluation of the taka, compared to the currencies of Bangladeshs trade partners, may negatively impact the countrys key foreign exchange sourcesexports and remittances. While these sectors have contributed to foreign currency...