Sunday, 6 December 2009

BANGLADESH: Fat Remittanc May Prove Bane to Economy

Financial analysts said rising remittances to Bangladesh should be invested in the productive sector to avert inflation and spur economic growth.

They said the idle foreign exchange in the banks could spur inflation and raise import of luxury goods, which would affect the country's macro-economy badly.

The non-resident Bangladeshis (NRBs) and workers have remitted over US$1.0 billion in November-- the highest monthly inflow recorded, central bank statistics said.

Read more

No comments:

Post a Comment