Remittance Flow News Today

New Delhi, Dec 19 (PTI) India saw the highest amount of remittance inflows in the world in 2023 at USD 125 billion, driven by several factors, including the country's agreement with the UAE, for promoting the use of dirhams and rupees for bilateral trade, the World Bank said.

As the year draws to a close, Bangladesh celebrates a remarkable achievement in the realm of foreign employment, breaking all previous records.  According to data from the Bureau of Manpower, Employment, and Training (BMET), the country has sent a staggering 1.204 million workers abroad until 29 November this year, surpassing last year's figure of 1.135 million workers. A

Highlights:  The banks that follow verbal rules of BB are losing but those offering higher rates winning  Banks are supposed to pay up to Tk110 per dollar for remittances  According to bankers, some banks pay max Tk116 to collect remittances Exchange houses also compete among themselves to collect remittance  They collect remittances at higher rates, sell

Brac Bank took part in a “Remitters’ Festival-2022” at Expo Centre Sharjah in the UAE recently which was aimed at encouraging expatriates to send their hard-earned money home through legal channels, especially banking channels. 

Prime Minister Sheikh Hasina today (July 31, 2022) said Bangladesh will not depend on remittance alone and will diversify products to expand the export basket for which new international markets have to be explored.

Bangaldeshi migrant workers haven’t been able to go to Kuala Lumpur due to allegations of irregularities. After so many years, the possibility of immigration is opening up again, but why is the process being questioned over same allegations?

Market watch: KSE-100 skyrockets as political tensions ease Benchmark index soars 1,008.32 points to settle at 43,788.08 KARACHI: Contrary to the dominant bearish trend during the week, the benchmark KSE-100 index skyrocketed over 1,000 points on the last day of trading week, surpassing the 43,000-point mark. The positive performance came on the back of fading cloud of political uncertainty as investors were optimistic about the Senate chairman election. According to the election results, annou...