Investor Presentaiton
Independent Review of
Remittances: Delving into Causes of Depressed
RBD Trend
Bangladesh's Development
What Bangladesh economy experiences?
➤ Large difference between USD's bank rate and the curb market rate
➤ Supply shortage and high demand of cash USD
➤ Hoarding tendency: expectations of further appreciation of USD
What are the consequences?
➤ Remittance transfer though formal exchange houses dropped by 50% in Malaysia
➤ Mainly small remitters resorted to informal channel transfer
➤ Hundi traders network expanded freely near every household
➤ Some of the mobile banking agents in Bangladesh may be involved
➤ In Singapore, Hundi traders have introduced scratch cards
The same exchange houses do not find any such major problems when
sending money to India or Nepal
The above situation needs case by case investigation
Bangladesh Bank relaxed some policy spaces –
measures, until now, have proved to be inadequate
CPD (2017): State of the Bangladesh Economy in FY2017 (First Reading)
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