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From 2.5 Lakh Expatriates In Chandpur Remittance Received Tk. 389 Crore

From 2.5 lakh expatriates in Chandpur Remittance received Tk. 389 crore.In the 4 months from January to April of the current financial year, 4 state-owned banks in Chandpur have received foreign remittances of Tk. 389.09 crore from 2.5 lakh expatriates. At present, the expatriates of Chandpur continue to send money to their families in various ways through corona epidemic.

The ‘Chandpur Times’ was informed on May 19 about the information received from the regional office of the 4 state-owned banks in Chandpur.

According to the information received, Sonali Bank from January to April 2011 through 117 crore and 97 taka through 11,425 foreign remittances, Janata Bank through 88 crore and 55 lakh through 20,107 foreign remittances, Agrani Bank from January to April 147 crore and 22 lakh taka And Bangladesh Krishi Bank received foreign remittance of Tk. 35.35 crore.

Incidentally, remittances sent by Chandpur expatriates in return for their labor are creating liquidity in more than two hundred bank branches and a few hundred shopping malls in the district. The foreign remittances of the expatriates in the district have changed the picture in terms of their own houses or buildings, business, education, agriculture, development of infrastructure in their respective areas, infrastructural development of mosques, madrasa’s and orphanages.

According to a recent report, there are 1 crore and 14 lakh 61 thousand Bangladeshi expatriates in 162 countries of the world. Chandpur ranks 6th among other districts of the country in terms of expatriates.

Saudi Arabia is the largest labor market in Bangladesh. It is followed by Kuwait, Qatar, Bahrain, Lebanon, Jordan and Libya. The people concerned think that this is a huge achievement for the riverine Chandpur. However, most of the expatriates in Chandpur are spending their labor in the Middle East and Arab countries. Chandpur has expatriate workers in many countries of the world including Malaysia, Italy, France, Singapore, Japan, South Korea. They are sending these remittances.

The expatriates of Chandpur send these remittances every month through various funded international and authorized agencies of Bangladesh Bank. Some banks are only transacting money with a secret PIN number. Many expatriate customers also send money in person.

Meanwhile, banks like Uttara, Rupali, Pharma, Mercantile, Prime, Dutch-Bangla, City, National, United Commercial, Trust, etc. in Chandpur transact money sent to expatriates, but they are unable to provide information on development transactions due divisional office situated in cumilla. As it was not possible to mention it in the report, it was not included in the report of ‘Chandpur Times’.

The country’s reserves are increasing due to foreign remittances sent by expatriates. Employment creation and socio-economic conditions are improving. Each foreign remittance desk and help desk of some banks have been opened to provide services separately. The bank branch is committed to provide the highest level of service in this regard.

Within minutes of sending money to expatriates, the bank is able to pay the desired amount to its customer. Bangladeshi expatriates send the money from their respective workplaces through various finance agencies approved by the Bangladesh Bank. So it can be said that the expatriates are the golden son of this country. The remittances sent by them are bringing economic prosperity to the country.

According to sources in the Chandpur Manpower and Employment Office, 250,000 legitimate Chandpur workers in different countries of the world, including the Middle East, send remittances from their workplaces to their nearest relatives through banks and other agencies. Illegal or development or otherwise there are numerous more remittances acquired for which no statistics could be known.

Corrospondent: Abdul Ghoni, May 21, 2020