ss the globe is US$ 14 billion per year. Of them, the highest amount of remittances came from Saudi Arabia and the position of UAE and USA is second and third. But now the remittance inflow from the United States has been reduced and at present it stood at US$ 2.3 billion. Every year, expatriate Bangladeshis from the USA sent US$ 200 million remittances to Bangladesh. But the remittance inflow from the US to Bangladesh has showed a declining trend since 2009 till 2013. But the remittance inflow became stable till November from the beginning of this fiscal year. Earlier the amount of remittance inflow was US$ 3 billion to US$ 4 billion. A total of 20 local and international remitting financial institutions including Sonali Exchange, an associate organisation of state-owned Sonali Bank Limited are working to send remittances to Bangladesh from the USA. The other two companies of the three big companies of Bangladesh are Standard Express and Placid. Ataur Rahman, Chief of Sonali Exchange of USA told banglanews24.com, “It has been observed that the remittance inflow from the US from 2009 to 2013 to the country saw a downward trend which stood at US$ 92 million in 2011 after its slight increase. Again in 2013 the remittance inflow stood at US$ 84 million after its decrease. Till November in the current fiscal, the amount of remittance inflow stood at US$ 77 million but it will stand at US$ 84 million at the end of the year, the US-based Sonali Exchange chief hoped. Replying to a question, Ataur Rahman said, investment in the country’s government housing sector has now fallen suddenly though earlier the investment was high. Besides monthly income of the expatriates has been decreased in USA as the cost of living in USA has increased. Unemployment is the main cause for fall of remittance inflow, he claimed. He informed that most of the expatriates have to maintain themselves by pursuing several jobs. Abdul Malek, CEO, the US-based Standard Express told bangalnews24.com, “Absence of necessary guidelines for the expatriates over investing on prospective fields has mainly left adverse impact on the remittance inflow.” Despite global recession, expatriate Bangladeshis are contributing a lot to the national economy. The expatriates are sending US$ 14 billion remittance across the globe per year.
Thursday, January 1, 2015
Remittances from US fall:Daily Sun
ss the globe is US$ 14 billion per year. Of them, the highest amount of remittances came from Saudi Arabia and the position of UAE and USA is second and third. But now the remittance inflow from the United States has been reduced and at present it stood at US$ 2.3 billion. Every year, expatriate Bangladeshis from the USA sent US$ 200 million remittances to Bangladesh. But the remittance inflow from the US to Bangladesh has showed a declining trend since 2009 till 2013. But the remittance inflow became stable till November from the beginning of this fiscal year. Earlier the amount of remittance inflow was US$ 3 billion to US$ 4 billion. A total of 20 local and international remitting financial institutions including Sonali Exchange, an associate organisation of state-owned Sonali Bank Limited are working to send remittances to Bangladesh from the USA. The other two companies of the three big companies of Bangladesh are Standard Express and Placid. Ataur Rahman, Chief of Sonali Exchange of USA told banglanews24.com, “It has been observed that the remittance inflow from the US from 2009 to 2013 to the country saw a downward trend which stood at US$ 92 million in 2011 after its slight increase. Again in 2013 the remittance inflow stood at US$ 84 million after its decrease. Till November in the current fiscal, the amount of remittance inflow stood at US$ 77 million but it will stand at US$ 84 million at the end of the year, the US-based Sonali Exchange chief hoped. Replying to a question, Ataur Rahman said, investment in the country’s government housing sector has now fallen suddenly though earlier the investment was high. Besides monthly income of the expatriates has been decreased in USA as the cost of living in USA has increased. Unemployment is the main cause for fall of remittance inflow, he claimed. He informed that most of the expatriates have to maintain themselves by pursuing several jobs. Abdul Malek, CEO, the US-based Standard Express told bangalnews24.com, “Absence of necessary guidelines for the expatriates over investing on prospective fields has mainly left adverse impact on the remittance inflow.” Despite global recession, expatriate Bangladeshis are contributing a lot to the national economy. The expatriates are sending US$ 14 billion remittance across the globe per year.
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