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Standard Bank signs remittance deal with Dubai co

Friday, 8 June 2007


FE Report
Standard Bank Limited has recently signed an agreement with Instant Cash- Global Money Transfer, a subsidiary of Wall Street Exchange Centre, LLC in Dubai for drawing arrangement of inward foreign currency remittance.
Standard Bank Limited Managing Director Mosharraf Hossain and Instant Cash-Global Money Transfer Group Managing Director Abdulla Bin Ghalib signed the agreement on behalf of their respective organisations.
Also present at the signing ceremony were Instant Cash- Global Money Transfer Chief Executive Officer (CEO) Khalid AJ Hassan, Group Operations Director Jayram D Ketkar and Manager (Operations) Sudhakar Rao.
The arrangement will allow the non-resident Bangladeshis, who are living in UAE to remit their hard earned foreign currency to their relatives and other stakeholders living in Bangladesh.