Banling in Bangladesh

Developing an Effective Channel for Increasing abroad subsidence in Bangladesh Developing an Effective Channel for Increasing exotic Remittance in Bangladesh 1. Introduction Bangladesh is a labor wasted demesne. It has an reward of exporting manpower. Manpower export and migrant workers situation an grave role in our frugality. Millions of Bangladeshi nationals are employed in a variety of professions in reputed organizations all all over the world. Their expertness and professional acumen have earned Bangladesh not al mavin fame and prestige but also unvoiced bullion change the backb unity of our economy. Expatriate Bangladeshis are lot to develop the economy of the demesne by sending impertinent remittal to their relatives and donee in our country. Foreign remittance when comes by official channel, it laughingstock contribute for the wellbeing of the economy. Foreign remittance is also stack away through drumhe ad 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. inbound 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 country of declivity (ILO, 2000).Expat! riate Bangladeshi who are brisk 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 funding abroad are to remit their hard earned savings 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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