Government Policy

Mission in London aims to guide remittance flows through official channels

The Bangladesh High Commission in London has taken a special initiative to increase the flow of remittances from the UK and Ireland through official channels.

A views-exchange meeting ‘Opportunities for Greater Remittance Flows from the UK and Ireland’ was organised by the high commission with representatives of money exchange houses of the UK to this end on Friday (local time).

Urging British-Bangladeshis to send remittances legally, Bangladesh High Commissioner Saida Muna Tasneem said the government led by Sheikh Hasina announced a 2.5 percent incentive against remittances for the expatriates to encourage them to send the money through valid channels.

Digital infrastructure key to attracting more remittance through legal channels, speakers say

She also consulted the money exchange houses to take special initiatives to boost the flows of remittance.

A remittance fair will be organised in east London to increase awareness about the official channels to send remittance, she said.

The high commissioner said the representatives of the money exchange houses will be trained about the means by which they can send the remittances at a low charge by using several apps.

Apart from this, community televisions, newspapers and social media will be engaged in escalating the awareness about the sending of money through valid channels, she said.

The money exchange representatives tabled several problems and proposals during the meeting, which weren't specified in the high commission's press release.

The high commissioner however is said to have assured them of overcoming all the hurdles.

Source: United News of Bangladesh