<div style="text-align: justify; "><span style="font-size: 1rem;"><b>The inward remittance flow in January came as good news while Bangladesh Bank (BB) is struggling with LCs liabilities to import essential commodities and industrial raw materials amid volatile foreign exchange supply.</b></span><br></div><div style="text-align: justify;"><br></div><div style="text-align: justify;">In January, Bangladesh received $1.96 billion in the legal channel, the BB updated data revealed on Wednesday. In December, the remittance was $1.69 billion.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Bangladesh received $12.45 billion inward remittances in seven months (July-January) in the current fiscal year 2022-23.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Bank officials said many import payments are being deferred due to the dollar crisis. For this, expatriate income of dollars are being bought at a higher price than the fixed price.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">As a result, expatriate income increased. If the price limit of the dollar is removed, the crisis will go away, they said.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The BB spokesperson Mesbaul Haque told UNB that in order to increase remittance inflow, the central bank has increased the exchange rate of US dollars for remittance.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">In addition to a 2.5 percent hassle-free incentive for remittance, several banks also provide additional incentives to attract foreign exchange, he said.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Banks will not cut any charge or fee for sending remittances in the legal channel, he said.</div><div style="text-align: justify; "><br></div><div style="text-align: justify;">Research by Bangladesh Bank found that more than 40 percent of remittance of expatriate income is sent to the country through hundi. UNB</div><div style="text-align: justify;"><br></div><div style="text-align: justify; ">bnbd24/kh</div>