Bangladesh Remittance Fair kicks off in New York Sunday

A two-day "Bangladesh Remittance Fair" is set to begin at the Jamaica Performing Arts Center in New York, USA, on 20 October.

The Bangladesh-American Chamber of Commerce and Industry, Mukti Dhara New York and the US-Bangla Business Link are jointly organising the event powered by Dhaka Bank.

Islamic Bank, National Bank and Bank Asia will be honoured as the top remittance-receiving banks.

Focusing on promoting legal remittance flows and sustainable growth, the fair aims to explore how to increase these foreign earnings and encourage expatriates to utilise legitimate channels for remittance, thereby further energising the economy.

Participating institutions include banks, financial institutions, money transfer operators, remittance channel partners, mobile financial services, offshore banking service providers, and expatriate small entrepreneurs.

Over 30 financial institutions from both Bangladesh and the US including IFIC Bank, Islamic Bank, Standard Bank, Social Islamic Bank Limited, Dhaka Bank, Chevron Express, and Standard Express will take part in the event.

The fair will also feature seminars and symposiums on remittances, along with awards for the top 10 Bangladeshi-American remittance senders.

According to data from Bangladesh Bank, the three top remittance-receiving banks this year have received significant amounts from the United States: Islamic Bank with $663.99 million, National Bank with $379.64 million, and Bank Asia with $212.95 million.

Moreover, awards will be given to the top three money exchange or remittance channel companies.

The fair, with the theme, "New Opportunities, New Markets, New Partnerships," will remain open from 4pm to 10pm (NY time) on both days at the venue where popular artists Pousali Banerjee and Shah Mahbub will entertain audiences through performance on 20 October.