Bangladesh remittances up despite global recessionBangladeshis working abroad sent home more money in April than in the same month last year, an official said Tuesday, despite warnings that remittances would take a hit from the global slowdown. Bangladesh Bank Bangladesh Bank is the Central bank of Bangladesh. History After the liberation war, and the eventual independence of Bangladesh, the Government of Bangladesh reorganized the Dhaka branch of the State Bank of Pakistan as the central bank of the country, and named it executive director Khandakar Muzharul Haque told AFP (1) (AppleTalk Filing Protocol) The file sharing protocol used in an AppleTalk network. In order for non-Apple networks to access data in an AppleShare server, their protocols must translate into the AFP language. See file sharing protocol. that 857 million dollars were sent back last month, up from 782 million dollars in April 2008. "We are not seeing a downturn at the moment but we don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. what will happen in the last quarter of this calendar year," said Haque, adding that the latest figures had pushed the country's foreign currency reserves to a new high of 6.52 billion dollars. "The real test will come around November when we may see if the recession has an effect on remittances," he said. In March, Bangladeshis overseas pumped a record 881 million dollars into the economy, despite the World Bank, the International Monetary Fund and the Asian Development Bank Asian Development Bank A financial_institution established in 1966 to reduce poverty in the Asia-Pacific region. The bank is headquartered in Manila, Philippines and consists of 61 member countries. all forecasting lower remittances. In 2008, Bangladeshis working abroad sent home nine billion dollars -- more than 10 percent of the impoverished country's Gross Domestic Product (GDP GDP (guanosine diphosphate): see guanine. ) and the second highest earnings after exports. Anecdotal evidence anecdotal evidence, n information obtained from personal accounts, examples, and observations. Usually not considered scientifically valid but may indicate areas for further investigation and research. suggests many Bangladeshis have returned to their homeland as work has dried up in Middle Eastern countries and Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. , where they have typically held low-skilled jobs. Haque said that Bangladesh would weather the global economic storm if monthly remittance figures could stay above the 700-million-dollar mark. According to government statistics, 6.3 million Bangladeshis currently work abroad, although unofficial estimates put the figure at around nine million. Bangladesh, one of the poorest countries in the world with a population of 144 million, counts on the inflow of foreign exchange to fund its imports. A government minister said last month Bangladesh would strengthen ties with Iraq in the hope the war-torn country would become a new market for its workers. 
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