Cash incentive on remittance increased to 2.5per
01 January 2022, 06:53 pm | Updated: 21 November 2024, 11:05 pm
The government has decided to increase the cash incentive on sending remittance to 2.5 percent from the existing 2 percent in order to encourage sending remittances through legal channels.
The decision, which came into effect from January 1, 2022, is expected to improve the overall living standards of common people, boosting the foreign currency reserves, checking money laundering, generating employment, said a Finance Ministry press release.
This increase of cash incentives against remittance is a gift from Prime Minister Sheikh Hasina to the expatriate Bangladeshi workers marking the New Year.
