Remittance transfer cost to be reduced: Muhith

Sun Online Desk

8th July, 2017 02:03:16 printer

Remittance transfer cost to be reduced: Muhith

Finance Minister AMA Muhith on Saturday said that the cost of remittance transfer will be reduced soon to increase its flow to the country.


The minister made the disclosure while talking to journalists after inaugurating the newly constructed fountain in Naiyorpul area of the city on Saturday morning, reports UNB.


The minister said that the tendency of settling aboard is increasing and it is the main reason of sending less money in the country.


To increase remittance flow to country, the government will reduce remittance transfer fee from the next month, he said.


Referring to deposits in Swiss Bank, Muhith said that black money is increasing in the country while the price of land is decreasing, that is the reason for deposits in Swiss Bank.


According to a report published by Bangladesh Bank, the remittance inflow into Bangladesh hit record lowest in last six years. The remittance has been decreased 14.46 percent than to last year.