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BB seeks detailed remittance info from dealer banks

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Staff Reporter
Bangladesh Bank has sought detailed information from its authorized dealer banks on remittance they receive from aboard as Wage Remittance.
In a circular issued on Sunday, the central bank asked the banks to send their remittance reports specifying districts of the remittance senders and also mentioning ‘Not Specified’ for those whose districts are not specified.
The directives were made as per the decisions taken at a meeting held on August 5 last which was attended by representatives of the Bangladesh Bank’s Statistics Department and Foreign Exchange Policy Department, Islami Bank Bangladesh Ltd and Janata Bank Ltd.
The circular said the dealer banks have to mention in their reports the names of the countries from where remittance is sent.
Names of districts of the remittance senders which could not be specified in the report of a week must be collected and sent those to the Bangladesh Bank in the report to be submitted on next Sunday.
There must be uniformity between the reports of the remittance which are sent to the Foreign Exchange Policy Department weekly and that sent to the Statistics Department daily.
The central bank also advised the dealer banks to send the daily district-based remittance report through ‘RIT Input Temple’ to its Statistics Department.