The inward remittance will reach around US$4.5 billion this fiscal year if the positive trend of flow continues, Bangladesh Bank Governor Salehuddin Ahmed said yesterday.
The overseas wage earners have already sent $3.17 billion during the first eight months (July-February) period, posting a 25 percent growth, he added.
The governor was speaking at a seminar on inward remittances at CIRDAP auditorium.
English language monthly 'The Business Bangladesh' organised the seminar. Editor of the monthly Neo G. Mendes presided over while Ali Ahmed, former member National Board of Revenue, moderated the programme.
Salehuddin pointed out some bottlenecks in smooth flow of remittance. Lack of easy access to banks and unfavourable investment atmosphere for expatriates are some of the hurdles, the governor added.
He said imposition of flat rate for remitting any amount of currency by banks and exchange houses is another bottleneck for lower wage earners.
"It is difficult to pay £25 for sending £250," Salehuddin said.
He emphasised the need for improving better services by banks and exchange houses and investment-friendly environment to encourage non-resident Bangladeshis and expatriates to remit more in the country.
