remittances

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Bangladesh's Remittance Flow Records Over 27 Percent Growth

Article Date: 
3 Mar 2009

Bangladesh expatriates sent home a record $6.148 billion in remittances during the first eight months of the current fiscal year, marking a 27.01 percent growth over the same period of the last fiscal year.

"The flow of remittances is still at a satisfactory level," a senior official of the Bangladesh Bank (BB), the country's central bank, told AHN Media in Dhaka on Tuesday.

The BB official also said that the total amount of remittances dropped slightly in February over that of the previous month due mainly to fewer working days.

Article Author: 
Siddique Islam
Article Source: 
AHN

Pakistan’s growing reliance on remittances amid political instability

Article Date: 
18 Jan 2009

Remittances to Pakistan rose by 24.0% year-on-year in July-November 2007, demonstrating the importance of the emigrant community. Remittances in fiscal year 2006/07 reached 4.3% of GDP. This has helped Pakistan's economy to remain relatively resilient to political turbulence. Since a growing amount of remittances come from the Middle East rather than the USA, this should provide some insulation in the event of a slowdown in the US economy.

Article Author: 
Media Eghbal
Article Source: 
Euromonitor International
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