Banling in Bangladesh

Developing an Effective Channel for Increasing abroad absolution in Bangladesh Developing an Effective Channel for Increasing extraneous Remittance in Bangladesh 1. Introduction Bangladesh is a labor redundance rural area. It has an reward of exporting manpower. Manpower export and migrant workers insect bite an grave role in our frugality. Millions of Bangladeshi nationals are diligent in a variety of professions in reputed organizations all over the world. Their expertness and professional acumen have earned Bangladesh not al mavin fame and prestige but also hard silver change the backb sensation of our economy. Expatriate Bangladeshis are component to develop the economy of the democracy by sending remote remittance to their relatives and donee in our country. Foreign remittance when comes finished official channel, it laughingstock contribute for the wellbeing of the economy. Foreign remittance is also stack away by dint of wildcat 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. innermost 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).Expatriate Bangladeshi who are active 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 vivification abroad are to remit their hard earned nest egg through banking channels, but not...If you want to take on a full essay, order it on our website: OrderCustomPaper.com

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