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Thursday, 23 May 2013

Boosting remittance: BB roadshow abroad in Sept

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Reported by: UNBconnect
Reported on: August 03, 2012 17:39 PM
Reported in: Business
News - Boosting remittance: BB roadshow abroad in Sept
Dhaka, Aug 3 (UNB) - In its bid to boost remittance inflow and increase the sale of three bonds, the Bangladesh Bank (BB) has taken an initiative to arrange roadshows and investment fairs abroad from September next.

The three bonds are Wage Earner Development Bond, US Dollar Investment Bond, and US Dollar Premium Bond.

The road shows will be arranged in the United States of America (USA), United Kingdom (UK), Saudi Arabia, United Arab Emirates (UAE), Kuwait, Malaysia and Singapore, the central bank officials said.

As part of its road shows, a high-profile delegation of the Bangladesh Bank will visit UK and USA in the second and third week of September respectively, the BB officials said.

BB governor Dr Atiur Rahman has already held a meeting with the chief executives of the local commercial banks and sought their support to boost the remittance inflow from expatriate Bangladeshis, according to a BB release issued on Friday.

The chief executive of the local commercial banks in the meeting held on Thursday afternoon assured the central bank of providing their all out support.

Governor Atiur Rahman said: “In the current perspective, importance of remittance from expatriates and Bangladesh-origin foreign citizens is very high.”

He said the remittance inflow saw an uptrend in the recent times following various steps taken by the central bank. “The country received US$ 1.2 billion remittance in July last and the total remittance stood at US$ 12.84 in the last fiscal, 10.24 percent up from the 2010-11 fiscal.”
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