Bangladesh proposes mechanisms to simplify remittances

11 hours ago

The central bank of Bangladesh has proposed three mechanisms to facilitate remittance transfers by Bangladeshi workers in the Maldives, as the tens of thousands of migrant workers in the island nation feel the effects of the dollar crisis. The three mechanisms proposed by the Bangladesh Bank to the Maldives Monetary Authority (MMA) includes the use of Maldivian rufiyaa, travel-related transactions and