Manpower export has no effect on remittances.

In Bangladesh, despite a significant increase in the number of people leaving the country for employment opportunities abroad, remittance growth has not matched expectations. Data from the Bangladesh Bank reveals a decline in remittances despite a surge in the expatriate workforce. Factors contributing to this phenomenon include skill disparities among workers, leading to lower incomes, and a lack of confidence in banking channels due to exchange rate discrepancies, driving some towards informal remittance methods like hundi-haula. Additionally, challenges such as iqama-related issues in certain countries hinder the full repatriation of earnings. Efforts to curb this trend include calls for improved worker skills, bilateral negotiations with host countries, and enhancing trust in formal banking systems. The Bureau of Manpower Employment and Training (BMET) plays a vital role in regulating overseas employment and skill development but refrains from publicly addressing the remittance decline. Despite these efforts, remittance flows fluctuate, often peaking during Eid seasons but dwindling afterward, partly due to workers' personal expenses. Moreover, remittances from Western countries are increasingly overshadowing those from the Middle East, indicating a shift in remittance patterns.