Staff Correspondent:
It is no secret that our economy, and the global economy at large, has been in a vulnerable state in the past few years — and the threat seemed to have been amplified last year, with rising international tensions.Bangladesh began experiencing a decline in remittance inflow mid-last year, and amidst the uncertainty, it is highly encouraging that the relevant authorities’ timely planning is starting to pay off.Recent data from Bangladesh Bank shows that the remittance flow into Bangladesh increased this year. The numbers also suggest a further increase in the next three months, with the possibility of the dollar crisis coming to an end.From expatriate remittance alone, Bangladesh received $1,958.8 million in January, and it is expected to cross $1.8 billion this month.The current trends, export estimations for the future, along with the IMF loan that has been added to our foreign exchange reserves all point towards an improved economic state in the near future, which is promising news.Bangladesh relies heavily on its export and expatriate earnings, which are some of our biggest sources of income. The risks that the dollar crisis and global inflation brought about could have had severe detrimental impacts on our economy.To that end, the government’s and financial institutions’ forward-thinking and thorough planning are laudable. If predictions are to be trusted, our economy may have averted a massive blow — one that would have been challenging to recover from.However, this is certainly not the end of all our troubles. The authorities must continue to impose necessary restrictions on unnecessary imports, and also take measures to block illegal channels that deprive our country of its well-earned remittance.
Only if we continue to be steadfast in our methods can we truly be able to evade a national crisis, and move forward with our development goals.

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