Says Western Union senior official
Refayet Ullah Mirdha
Remittances could exceed US$7.0 billion in 2008, according to Anil Kapur, Western Union (WU) Managing Director for South Asia, as the number of Bangladeshis working abroad increases.Speaking to The Daily Star on a recent visit to Dhaka, Kapur said another reason for the increase was the move to send money through official channels rather than via 'hundi', unofficial networks for transferring cash.
According to official statistics, the country received nearly $6.0 billion as remittance from non-resident Bangladeshis (NRBs) last year and the contribution of such remittance to the gross domestic product (GDP) crossed 13 percent. [Read more]
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