A particular initiative has been initiated by the Bangladesh High Commission in London to improve the flow of remittances from the UK and Ireland through authorized routes.
According to a news release, the high commission organized a views-exchange meeting on Friday (local time) with representatives of UK money exchange institutions to discuss ways to increase remittance flows from the UK and Ireland.
The program was presided over by Bangladesh’s High Commissioner to the UK, Saida Muna Tasneem.
Bangladesh High Commissioner Saida Muna Tasneem urged British-Bangladeshis to send remittances legitimately, stating that the Sheikh Hasina-led administration has provided a 2.5 percent bonus against remittances for the expatriates to entice them to transfer the money through legal methods.
She also sought advice from the money exchange companies before launching specific attempts to increase remittance flows.
To raise awareness of the legitimate avenues for sending remittances, a remittance fair will be held in east London, the speaker announced.
According to the high commissioner, the representatives of the money exchange houses will receive training on how to transmit remittances via various apps for a minimal fee.
In addition, she said, community televisions, newspapers, and social media will be used to spread the word about transferring money through legitimate ways.
Representatives of money exchange houses discussed their issues with and suggestions for money remittance throughout the meeting.
The High Commissioner promised to take the appropriate steps in this direction.