Atiur for raising remittance incentive to 3%

Remittance is one of the three leading sectors that helped the country’s coronavirus-affected economy comeback, said Atiur Rahman, former governor of Bangladesh Bank.

Considering the circumstances, he suggested raising the remittance incentive to 3 percent, which is 2 percent now.

The former Bangladesh Bank governor was addressing the Bangladesh Economy Conference 2021 at a city hotel in the capital on Wednesday.

“The agriculture sector was the safeguard for the economy followed by the remittance and export sectors,” Atiur said.

Besides, he suggested eight recommendations for the implementation of the sustainable economy.

“We can also extend the expatriate bond purchase limit which now allows the expats to invest maximum of Tk 1 crore. We can reduce the interest rate to 8 percent from 10 to increase the investment.”

Atiur continued, “Our country and the economy are having climbing trends. The country will turn into a trillion-dollar country in the future.”

Regarding the financial service delivery, he said, “It is possible to provide the financial services to the people despite having financial inequalities in the country’s economy. The economy of Bangladesh survived during the pandemic while the rest other countries witnessed challenges. And it was possible for the lead of Prime Minister Sheikh Hasina.”

Noting that imports of the country raised 54 percent due to cornavirus, he said, “Most of the imports were raw materials, and it is creating opportunities for the industries of the country.”

He also said the central bank is working sincerely and becomes the symbol of trust which makes the overall economy stable.

he stressed on maintaining the trust which ultimately will make the economy of the country enriched and sustainable.

Bank Governor Fazle Kabir, former governor Mohammed Farashuddin and Salehuddin Ahmed and Abdur Rouf Talukder, senior secretary of the finance ministry, among others, were present at the event.