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Hundi at play in dipping remittance inflow: Bangladesh Bank

Inward remittance fell in the fourth quarter of 2023-24 fiscal year thanks to the increased use of informal channels like hundi despite a sharp rise in the number of Bangladeshi migrant workers, according to Bangladesh Bank data. ....

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Some banks get more remittance. Is it for extra efforts, or higher dollar rates?

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 ....

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Remittance inflow increased by 21.2 per cent

Remittance inflow increased by 21.2 per cent ....

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