Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 262 Sun. February 20, 2005  
   
Letters to Editor


Money transfer


I am writing to you in connection with the matters that happen when money is transferred from Australia to Bangladesh.

The Bangladeshi community in Australia is growing every day particularly in Sydney. They all send money (valuable foreign currency) to Bangladesh. But the thing is, if we look deep and take a little retrospective the picture is quite frustrating. Many of them send money through "Hundi" which is not appropriate. This happens due to high charges from the Australian banks and low conversion rate. Delay in the process plays a role as well. But it doesn't help Bangladesh at all, rather Bangladesh loses.

In view of this, can the Bangladeshi banks come forward to solve the problem? This could be the time to have a branch in Sydney.