Shawdesh Desk:

The income from abroad is contributing a lot to economy of the country. The importance of remittance has increased further at a time when the country is facing dollar crisis. As a result, the government is providing many facilities and incentives to enhance the flow of foreign remittance. The positive sign is being observed in this regard.

Expatriate Bangladeshis from the United States of America (USA) sent a record amount of remittance in the first half of FY 2022-23. Thus, USA is the top country in terms of remittance source for Bangladesh.

People concerned said it has become easier to send remittance from the USA than past because of relaxation of some conditions. Besides, incentives are being given for receiving remittance through proper channel.

The US dollar rate has also increased. Expatriates living in the USA are professionally sound than Bangladeshis living in the Middle Eastern countries. These are the reasons for the increased flow of remittance in Bangladesh.

As per the updated report on foreign currency policy of Bangladesh Bank, the country received Tk 196.66 crore  or 1.96 billion dollar remittance from the USA through banking channel in the first six months of 2022-23 FY, which is 16 times higher than the same period of the last fiscal.