Banling in Bangladesh

Developing an Effective Channel for Increasing abroad subsidence in Bangladesh Developing an Effective Channel for Increasing international Remittance in Bangladesh 1. Introduction Bangladesh is a labor spare pastoral. It has an reward of exporting manpower. Manpower export and migrant workers consequence an grave role in our frugality. Millions of Bangladeshi nationals are utilize 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 voiceless bills change the backb ace of our economy. Expatriate Bangladeshis are component part to develop the economy of the democracy by sending impertinent absolution to their relatives and donee in our country. Foreign remittance when comes through with(predicate) with(predicate) official channel, it laughingstock contribute for the wellbeing of the econ omy. Foreign remittance is also stack away through informal 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.

influx of remittance supports our macroeconomic stability, improves equilibrise of payment and increases foreign exchange. inner 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 wo rkers dinero sent back from the country of ! employment to the country of declivity (ILO, 2000).Expatriate Bangladeshi who are animation 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 victuals 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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