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Say no to illegal money agencies

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Say no to illegal money agencies

Abu Dhabi - Legal money transfer helps both the countries - the UAE and Bangladesh, he said.

by

Ashwani Kumar
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Published: Wed 28 Dec 2016, 9:35 PM

A social awareness campaign was launched on Tuesday to encourage Bangladeshi expatriates in the UAE to use legal channels for sending money home.
'Say no to illegal source of money exchange' was the message of the event.
Unveiling 'Amar Bangladesh' campaign, UAE Exchange group chief executive officer Promoth Manghat said the legal amount remitted by Bangladesh expats builds even the GDP of the country.
"The remitted money has a socio-economic impact. As a provider, we remain responsible to make sure that we retain and sustain the socio-economic element of the money transfer," he said. "We handle almost 10 percentage of the money Bangladesh receives. We keep track of things happening in the market. We need to encourage everyone to send money through legal means."
Legal money transfer helps both the countries - the UAE and Bangladesh, he said. It will be a three-month campaign that will see 500,000 booklets being distributed among the expats to create awareness.
Bangladesh Ambassador Mohammad Imran talked about the importance of such a campaign. "Foreign currencies received through legal channels are used by the government for various programmes. The remittances received through legal channels help in making invaluable contribution to the growth of Bangladesh," he said.
Organised racketeers trap low-paid expats coming mostly from rural areas. Imran stressed the need for such awareness programmes to alert expats. An expat, Noor Mohammed, said he was aware of illegal routes, known as hundi. "Such channels will lead to trouble and I don't want to be cheated."
- ashwani@khaleejtimes.com

Ashwani Kumar

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