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Speakers yesterday urged banks to provide better services for migrant workers for smooth transfer of their hard-earned money to Bangladesh

They also called for efforts to create wider scope for a proper use of remittances in economic development.

The calls came from the inaugural session of a daylong fair titled "Remittance Fair 2008" at the Laldighi Maidan in Chittagong.

The Refugee and Migratory Movements Research Unit (RAMMRU), an affiliate of Dhaka University, organised the fair to raise awareness about safe migration and exchanging information between different banks and migrant workers and their family members about easy procedures of remitting money back home.

Executive Director of Bangladesh Bank (BB) and Project Director of Remittance Payment and Partnership Project (RPP) Khandakar Muzharul Haque inaugurated the fair as chief guest.

BB Executive Director Muzharul Haque said the worldwide financial crisis might have a minimal impact on the country's economy thanks to a rise in remittance inflows over the last few years.

The country saw more than 30 percent growth in remittances to around $5 billion last year.

Haque emphasised the need to make people aware about necessary information about safe migration and easier, quicker and more secure procedures of remitting money from abroad.

He hoped RAMMRU would act as a bridge between the migrant workers, their relatives and the banks.

In his speech, Richard Moss, partnership manager of RAMMRU, said local banks should provide extended services for migrant workers.

Mentioning the 'automation of cheque clearing' under the project, Moss said it would ensure higher efficiency and low costs in remittance transfer.

A total of 15 organisations, including 11 banks participated in the fair by displaying different services at 21 stalls.

The banks are Sonali Bank, Jamuna Bank, Janata Bank, NCC Bank, Agrani Bank, Pubali Bank, Islami Bank, Standard Bank, Mutual Trust Bank, Krishi Bank and AB Bank.

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