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Bangladesh Bank Governor worries about remittances decline
Bangladesh Bank Governor Fazle Kabir

Bangladesh Bank Governor worries about remittances decline

DHAKA: Bangladesh Bank Governor Fazle Kabir has voiced worry over the remittances that declined essentially since a year ago and proceeded into 2017.

“In the most recent seven months, remittances development declined by 16 percent,” Governor Fazle Kabir said while conversing with columnists today at an instructional meeting.

Moderate development of remittances involves worry to accomplish the future focus of Bangladesh’s eight percent development. He stated, specialists are investigating the circumstance.

“A group of the national bank has been contemplating on the issue and will be sent soon to the Middle East nations to know the reason of the moderate development,” he said.

In January, Remittance proceeded with its descending direction into the new Year, declining 12.27 percent year-on-year to about $1 billion. Amid the last 50% of a year ago, settlement drooped 17.63 percent to $6.17 billion.