News Details

BB to hold road shows abroad to boost remittance


---



Bangladesh Bank (BB) has decided to organise roadshows and investment fairs abroad from September to boost remittance inflow and sale of Wage Earner Development Bond, US Dollar Investment Bond, and US Dollar Premium Bond.

The roadshows will be organised in the United States of America, United Kingdom, Saudi Arabia, United Arab Emirates, Kuwait, Malaysia and Singapore. As part of the events, a high-profile BB delegation will visit UK and USA in the second and third week of September respectively, said BB officials.

BB Governor Dr Atiur Rahman held a meeting with chief executives of local commercial banks on Thursday, seeking their support to boost remittance inflow from expatriate Bangladeshis, says a BB release yesterday.

The chief executives assured to provide their all-out support.

Atiur said, “In the current perspective, importance of remittance from expatriates and foreign citizens of Bangladeshi origin is very high.”

He said the remittance inflow saw an uptrend in recent times following various steps taken by BB. “The country received US$ 1.2 billion remittance in July while last fiscal's remittance stood at US$ 12.84 billion, 10.24 percent up from the 2010-11 fiscal.”

[ Metropolitan ] 2012-08-04