Chattogram division’s 2022 labor migration of 411,386, though the highest, yielded remittances of $5.961 billion—half of Dhaka’s $10.243 billion. The discrepancy raises concerns over potential forex leakage through illegal hundi operations. Suspicions are heightened as the country’s forex reserves fall to $29.26 billion. Factors including skills, destinations, and wages contribute, while hundi’s allure in the unofficial market is a challenge. With a record 1.1 million workers abroad (2022), focus on skilled migrants is vital. Investigating and addressing remittance issues, including the impact of hundi, becomes crucial as the government seeks sustainable forex management and economic stability.
Hundi Depletes Significant Remittance
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