NRBs urged to invest in bonds

Rupayan NRB Global Convention in New York

FE Report | Published: September 24, 2018 10:39:41 | Updated: September 24, 2018 14:46:57

Photo collected from Facebook

Sending of remittances by all Bangladeshis through formal banking channels can help jack the country's foreign exchange reserve up.

Besides, non-resident Bangladeshis (NRBs) can get better yields by making their investments in different types of bonds available in the country.

Speakers said these at a roundtable discussion on 'Legal Remittance Flow' held on the second day of 'Rupayan NRB Global Convention & Bangladesh Trade Fair 2018' arranged at Jackson Heights in New York City, USA.

The three-day event (September 21-23) is being organised by Muktadhara New York Inc aiming at further expansion of Bangladesh-made goods in the USA.

Moderated by artist Shirin Bakul, the roundtable was addressed by NRB Bank Limited chairman Mohammed Mahtabur Rahman Nasir and CEOs of Sonali Exchange and National Money Exchange.

Discussants at the programme highlighted the sectors where NRBs can make investments to get better returns and help Bangladesh economy grow further.

They also focused on how the expatriates have been deprived of various facilities and benefit due to sending their money through informal channels.

Prime Minister Sheikh Hasina will attend the closing session of the fair to be held today (Monday-Bangladesh time).

Earlier, Acting Editor of The Financial Express Shahiduzzaman Khan inaugurated the fair on September 21.

Some 30 local business groups, including realtors Rupayan Group and Purbachal American City participated in the fair.

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