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The entire world economy has collapsed due to the impact of Kovid-19. International trade has decreased. All international organizations also estimated that global expatriate income would decline. It has been said that even if it increases at the beginning, it will not continue at the end. Because, a large number of expatriate workers have lost their jobs and returned to the country. Large numbers were unable to return. As a result, it will have an impact on the future. Yet so far the wonder of expat income has continued.
In this regard, Bangladesh Bank spokesperson Sirajul Islam told Prothom Alo: “Expats are sending a record amount of remittances every month. That is why it is having a great impact on the economy. He added that “with the increase in remittances, on the one hand, money is coming in to invest in the hands of the banks, on the other hand, foreign exchange reserves are also registered.”
The 2 percent incentive also plays an important role behind expanding expat income. In 2019, a cash incentive is awarded at a rate of 2 percent on expatriate income. Due to this decision of the Minister of Finance AHM Mustafa Kamal, the legal income of expatriates has increased. Meanwhile, it has been reported that some banks are giving additional cash incentives of 1 percent more than their own funds. Expatriate income is also increasing.
