No data on remittance outflow: Bangladesh Bank

Bangladesh Bank logo. Photo: UNB
Bangladesh Bank logo. Photo: UNB

Bangladesh Bank (BB) does not maintain any data on remittance outflow although it has updated data on remittance inflow, said its officials, reports news agency UNB.

Country’s central bank governor Fazle Kabir and other deputy governors informed this to newsmen in response to questions on the issue while unveiling the monetary policy statement (MPS) at a press conference at the bank on Wednesday.

Their remarks came when the newsmen wanted to know what amount of remittance is being taken away by the foreigners working in Bangladesh, legally or illegally.

The central bank governor then passed on the microphone to deputy governor Abu Hena Razee Hasan to respond to the questions.

As Razee Hasan could not provide any data on the outflow of remittance, the central bank governor said there is no data available in this regard right now.

He, however, said the central bank will take measures to maintain data separately about the outflow of remittance.

The Bangladesh Bank website provides updated data on the inflow of remittance, mainly sent by expatriate Bangladeshis living abroad.

But there is no data available on the central bank website about the remittance outflow.