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Downfall of remittance inflow again

Downfall of remittance inflow, despite an increasing number of Bangladeshis leaving for jobs abroad, has become persistent due to the growing use of hundi. ....

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Banning hundi won't solve Bangladesh's forex problem

The demand for dollars comes from many sources, but money laundering is like the white elephant in the room. A former chief of the National Board of Revenue (NBR) openly asked, “Who is laundering out all the money? There must be someone in the know.” ....

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Do we really know how hundi works?

Hundi is illegal in Bangladesh and works outside the conventional banking system to transfer money. Though informal, the hundi business is well-organised. It is used as bills of exchange in trade transactions, credit instruments for borrowing money, and remittance instruments for transferring money from one place to another. ....

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What's so wrong with hundi?

Remitters have every right to do cost benefit analysis, and many of them resort to using hundi simply because this channel offers greater value for their hard-earned wages. ....

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