BB has 'no data on remittance outflow'

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

Central bank's Governor Fazle Kabir and its deputy governor Abu Hena Razee Hasan said this while unveiling the monetary policy statement (MPS) at a press conference at the BB headquarters in the capital on Wednesday.

Their remarks came in response to questions by reporters on the issue. The reporters wanted to know what amount of remittance was being taken away by the foreigners working in Bangladesh, legally or illegally.

The central bank governor then passed on the microphone to the deputy governor 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, however, provides updated data on remittance inflow which is mainly sent by expatriate Bangladeshis living abroad.