'In future more facilities would be provided to prevent illegal money transfer and encourage remitters'
Bangladesh Bank yesterday awarded 28 individuals and eight businesses for their outstanding contribution to the country’s inward remittance in 2018.
Finance Minister AHM Mustafa Kamal handed over the Bangladesh Bank Remittance Award 2018 to the winners at a program at the Institution of Diploma Engineers, Bangladesh (IDEB) in Dhaka.
Speaking on the occasion, Mustafa Kamal said a 2% incentive would be given to all remitters on their remitted amount sent home using official channels.
In future more facilities would be provided to prevent illegal money transfer and encourage remitters, he added.
Kamal expressed his hope that the country would receive $20billion in remittances in the current fiscal year.
“If you want to deposit your money in another country, you have to pay interest against your deposits whereas we are providing interest against your deposits. There is no reason to worry about your investment with our banks,” Kamal told the meeting.
The finance minister emphasized exporting skilled and trained manpower abroad to increase flow of remittance.
BB Governor Fazle Kabir said remittance earning was increasing day by day and the 2% incentive against remittance was a timely decision of the government.
Of the 28 top remitters, 10 are specialist professionals, eight general professionals and 10 businesspersons.
The specialist professionals are Kuwait expatriates Zakir Hossain, Sikder Bachchu, US expatriate Aftab Hossain, Suresh Roy and Isha Khushanu; German expatriate Md Kamruzzaman; Malaysian expatriate Ahmed Raihan Samsi; Singapore expatriate Dewan Masud Kamar; Qatar Expatriate Iqbal Hossain and Nigerian expatriate Nawshad Ahmed.
The general professionals are Singapore expatriate Md Imran Hossain Bhuiyan; Oman expatriate Rafiqul Islam; Canadian expatriate Mostafa Kamal; Singapore expatriate Subhash Chandra Majumder; Qatar expatriate Nirmal Kanti Ghosh; Kuwait expatriate Tawhid Ahmed; Somalia expatriate Nasir Ahmed and Afghanistan expatriate Md Rezaul Bari Chowdhury.
The businesspersons are UAE expatriates Md Oliur Rahman, Mohammed Imdadur Rahman, Mahbubul Hadi Fazle Rob, Noor Mohammad, Abdul Karim, Mohammad Shahjahan Bablu, Mohammad Abdur Noor Kausar, and Mahbub Alam; Singapore expatriate Abu Taher mohammmad Amanullah and US expatriate Manzurul Alam.
Of the eight organizations, BB awarded five local banks and three exchange houses owned by non-resident Bangladeshis due to their excellent performance in remitting foreign currencies.
The awarded five banks are Islami Bank Bangladesh, Agrani Bank, Sonali Bank, Dutch-Bangla Bank and Janata Bank.
The money changers are National Exchange Company SRL, NEC Money Transfer and Placid NK Corporation.
BB deputy governor Ahmed Jamal, finance division senior secretary Asadul Islam, Expatriate's Welfare and Overseas Employment Ministry secretary Md Salim Reza were present, among others.