Banling in Bangladesh

Developing an Effective Channel for Increasing abroad remittance in Bangladesh Developing an Effective Channel for Increasing outside(prenominal) Remittance in Bangladesh 1. Introduction Bangladesh is a labor superfluity countrified. It has an reward of exporting manpower. Manpower export and migrant workers round an grave role in our frugality. Millions of Bangladeshi nationals are industrious in a variety of professions in reputed organizations all everywhere the world. Their expertness and professional acumen have earned Bangladesh not al mavin fame and prestige but also hard property change the backb matchless of our economy. Expatriate Bangladeshis are component to develop the economy of the agricultural by sending external remittance to their relatives and donee in our country. Foreign remittance when comes by means of official channel, it laughingstock contribute for the wellbeing of the economy. Foreign remitta nce is also stack away with summary channel, which is called hundi. Migration, through the impact of remittances, is an integral percent of the processes of development and globalization- with a potentially important role to play in the alleviation of poverty.

inflow of remittance supports our macroeconomic stability, improves equilibrise of payment and increases foreign exchange. interior foreign remittance is one of major sources of the foreign currency reserve of the country. 2. Problem with the justification world(prenominal) remittances are defined as the portion of migrant workers dinero sent back from the country of employment to the c! ountry of declivity (ILO, 2000).Expatriate Bangladeshi who are donjon outside of our country, sends money in two channels one is official channel and some other one is unofficial channel. Remittance can impact positively to the economy of the country when it is send through official or banking channel. Bangladeshi nationals animateness abroad are to remit their hard earned nest egg through banking channels, but not...If you want to take on a full essay, order it on our website: BestEssayCheap.com

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