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Friday, 28 October 2011

Keep close watch on remittance process: Wahiduddin Mahmud

AppId is over the quota
AppId is over the quota
Dhaka, Oct 26 (bdnews24.com) ? Former advisor to the caretaker government Wahiduddin Mahmud has urged the government to keep a close watch over the remittance process so that wage earners do not face any trouble when sending money home.

"Remittance constitutes ten percent of Bangladesh's total foreign currency earnings, which is also five times more than foreign assistance. In last year, a total of $ 11.4 billion came from the expatriates. So the government and Bangladesh Bank should keep a close watch on the remittance sending process," he said at a 'remittance fair' at Bangabandhu International Conference Centre on Wednesday.

He also proposed to announce 2012 as the 'Year of expatriates'.

The day-long fair was organised by Refugee and Migratory Movements Research Unit (RMMRU).

Wahiduddin Mahmud also said that the government does not take any initiatives for the benefit of non-resident Bangladeshis, even though they have a huge contribution in the development of the country.

Bangladesh Bank deputy governor Ziaul Hassan Siddiqui said steps to solve different problems related to expatriates would be taken after a discussion meeting with representatives from different banks on Oct 30.

"Steps should be taken so that the banks process remittance related issues in the shortest possible time," he added.

bdnews24.com/aha/mrh/tk/1339h


Source: bdnews24.com


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