BB takes move to raise remittance inflow
The Bangladesh Bank has taken a special move to increase the inflow of remittance along with boosting sales of three bonds and holding investment fair in a bid to build up foreign exchange reserve.
On the basis of the latest move taken by the Bangladesh Bank, a high-powered team of the central bank will visit the United Kingdom and United States in the second and third week of September this year to create awareness among non-resident Bangladeshis (NRBs) through arranging road shows.
The three bonds are: US Dollar Premium Bond, US Dollar Investment Bond and Wage Earner Development Bond.
The decision was taken at a meeting with managing directors of different commercial banks of the country at the Bangladesh Bank’s conference room Thursday with Dr Atiur Rahman, Governor of Bangladesh Bank in the chair.
Abul Kashem, Deputy Governor of Bangladesh Bank, Senior Executives of BB and other Chief Executives Officers of different commercial banks were present at the meeting.
Giving emphasis of the present government’s importance on the increase of selling bonds, the BB Chief said the central bank has taken a wide-ranging activities for selling the bonds to the NRBs that will contribute to development in Bangladesh.
In this regard the bank has already been providing advertisements to the print and electronics media, distributing leaflets and giving information about bonds related matters through different help desk of the bank.
"The delegation will go to the United Stats after completing visit to the UK," the BB chief Boss told daily sun after the meeting, adding they have also planned to visit the Kingdom of Saudi Arabia (KSA) in the near future.
During the awareness building campaign, the delegation will take help of Bangladeshi banks' exchange houses abroad to arrange road shows.
The bank took an initiative to arrange road show in the United Kingdom, United States, Kuwait, Malaysia, Singapore and UAE.
Remittances from expatriate Bangladeshis came US$1.2 billion in the first month of the current fiscal, exchange companies of abroad played an important role in this regard, the BB Governor said.
The Daily Sun/Bangladesh/ 4th Aug 2012