Written by: Myesha Ahmed, MD. Rohan AkonRemittances serve as a vital source of external income within an economy. In Bangladesh, the remittance rates have proved that their contribution to stabilizing the economy, balancing the balance of payments, increasing foreign exchange reserves, escalating national savings, and accelerating the velocity of money cannot be overlooked. It clearly exceeds foreign aid in significance because we can rely on our people and lessen the dependency on seeking assistance. Our focus should be more on making this sector a steady resource for aggregated success.
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