To honour the contributions of migrant workers to the country’s GDP growth and their role in enriching foreign currency reserves, The Daily Star and BRAC have jointly initiated the “Remittance Award”.

Banks will buy dollar at Tk 110, sell at Tk 110.5 from Nov 23

The Policy Research Institute of Bangladesh says in a press briefing

Migrant workers sent home $1.98 billion in October

It decreased by $60 million in a week

$1.34 billion came in September, lowest since April of 2020

The Finance Minister AHM Mustafa Kamal today sought innovative suggestions from economists and sector experts to identify the reasons why inward remittance flow is not growing to the expected level, despite massive manpower exports and many students staying back and working abroad

Migrant workers sent $21.61 billion to Bangladesh in the just-concluded fiscal year as remittance rebounded on the back of higher flow on the occasion of Eid-ul-Azha and a record outflow of labourers, official figures showed yesterday

Thanks to higher inflow of remittances for Eid-ul-Azha

The government is contemplating increasing the incentive on remittance, said Planning Minister MA Mannan today

Migrant workers sent home $1.68 billion in October

Bankers today decided to pay a total of Tk 110.70 to migrant workers and non-resident Bangladeshis for a US dollar from this week in order to encourage them to send foreign currency through formal channels, according to a meeting.

The amount is a seven-month high

Bangladesh Bank cleared $1.05 billion ACU payment on March 6

However, February's remittance of $1.56 billion was 20.3 per cent lower than the previous month's $1.95 billion

The USA has 5 lakh Bangladeshi migrant workers and Saudi Arabia 20 lakh

Bangladeshis in the North American country sent home $966.89 million in the October-December period of 2022

Bangladesh's per capita income stood at $2,793 in fiscal 2021-22 -- $31 lower than the initial estimate as the steep depreciation of the taka messed up the government’s numbers.

The Bangladesh Bank will introduce another tool to provide liquidity support to the cash-strapped shariah-based banks in order to cushion their ailing financial health.

The International Monetary Fund (IMF) has disbursed $476.27 million to Bangladesh as the first instalments of $4.7 billion loan it approved early this week.