Socio-Economic Impact of Foreign Remittance in Bangladesh

Md Ashraf Ali

Socio-Economic Impact of Foreign Remittance in Bangladesh

Md Ashraf Ali * § BBA (Major in Finance and Banking), MBA (Major in Finance and Banking)

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§ Rajshahi University, Bangladesh

Socio-Economic Impact of Foreign Remittance in Bangladesh

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Abstract

In Bangladesh, remittance is one of the most important economic variables in recent times as it helps in balancing balance of payments, increasing foreign exchange reserves, enhancing national savings and increasing velocity of money. For about two decades remittance has been contributing around 35% of export earning. Moreover, it is greater than foreign aid and thus helps in lessening dependence on foreign aid remittance gets momentum in recent time in Bangladesh and is the second largest sector of foreign exchange earning after the garment; sector. If cost of imported raw materials is deducted from the foreign exchange earning of the garments sector, remittance becomes the sign: largest sector of foreign exchange earning. Remittance earning ; increasing day by day but at a lower rate than the increase in emigration from Bangladesh due to the increasing share of unskilled or semi-skilled labors than the

References

8 Cites in Article

Reference Format

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(2010). Banks and the foreign remittance business.
(Augu). Foreign Remittance Fluctuation needs to be stabilized.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Md Ashraf Ali. 2014. "Socio-Economic Impact of Foreign Remittance in Bangladesh". Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 14 (GJMBR Volume 14 Issue C5).

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GJMBR Volume 14 Issue C5

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

anti money laundering money laundering remittance

Classification

GJMBR-C Classification JEL Code: Z10

F31

Submission ReceivedDecember 14, 2013
Peer Review Double Blind
Handling Editor
Accepted December 31, 2013
Published January 15, 2014

Version of record

v1.2

Issue date

October 1, 2014

Language

English

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Article Matrices

Total Score: 148

Country: Bangladesh

Subject: Global Journal of Management and Business Research

Authors: Md Ashraf Ali (PhD/Dr. count: 0)

View Count (all-time): 258

Total Views (Real + Logic): 1582

Total Downloads (simulated): 129

Publish Date: 2014 01, Wed

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Total Views: 1.6K

Total Downloads: 129

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