Remittance has been one of the most vital behind the economic development of Bangladesh. But due to the global pandemic, remittance flow all over the world was disrupted. In Bangladesh also, the dynamism of remittance was disturbed but later on with the advancement of time it began to regain its momentum during the global pandemic. The main purpose of this paper is to evaluate the changes in the dynamics of remittance in Bangladesh that have occurred during the pandemic period and to observe the differences with that of the pre-covid period. Moreover, the major sources and purposes of remittance inflow both during the pandemic and also the pre-pandemic period will be evaluated for the timeframe of 2010-2020. Along with this a forecast has been made regarding the future dynamism or portrait of remittance inflow for the year 2021 from the perspective of Commercial Bank of Ceylon. To be exact, the main objective of the paper is to evaluate the change in the trend of dynamism of remittance flow due to the pandemic in Bangladesh from the perspective of Commercial Bank of Ceylon PLC. The paper is quantitative and descriptive in nature. Microsoft Excel and SPSS 27 has been used for the analysis of data. Results show that for the selected time frame the bank experienced a good growth in the remittance flows. During the pandemic the growth of inward remittance has reduced a bit. USA and Freight Charges were the major source and purpose of remittance in Commercial Bank of Ceylon for the last decade. From forecasting it was seen that the bank will enjoy a upward trend in inward remittance in 2021. In order to achieve the forecasted values and for efficient operations some useful recommendations have been provided in this paper. In conclusion, it can be said that as the bank is having a good trend in the dynamics of remittance, the dynamism of remittance in Bangladesh has not been altered majorly rather it is performing satisfactorily.
| Published in | International Journal of Business and Economics Research (Volume 10, Issue 6) |
| DOI | 10.11648/j.ijber.20211006.13 |
| Page(s) | 227-235 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2021. Published by Science Publishing Group |
Pandemic, Inward Remittance, Outward Remittance, Dynamism
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APA Style
Md Mostafa Asef Rafi. (2021). Evaluation of the Dynamics of Remittance in Bangladesh During the Pandemic: A Study on Commercial Bank of Ceylon PLC. International Journal of Business and Economics Research, 10(6), 227-235. https://doi.org/10.11648/j.ijber.20211006.13
ACS Style
Md Mostafa Asef Rafi. Evaluation of the Dynamics of Remittance in Bangladesh During the Pandemic: A Study on Commercial Bank of Ceylon PLC. Int. J. Bus. Econ. Res. 2021, 10(6), 227-235. doi: 10.11648/j.ijber.20211006.13
AMA Style
Md Mostafa Asef Rafi. Evaluation of the Dynamics of Remittance in Bangladesh During the Pandemic: A Study on Commercial Bank of Ceylon PLC. Int J Bus Econ Res. 2021;10(6):227-235. doi: 10.11648/j.ijber.20211006.13
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Download@article{10.11648/j.ijber.20211006.13,
author = {Md Mostafa Asef Rafi},
title = {Evaluation of the Dynamics of Remittance in Bangladesh During the Pandemic: A Study on Commercial Bank of Ceylon PLC},
journal = {International Journal of Business and Economics Research},
volume = {10},
number = {6},
pages = {227-235},
doi = {10.11648/j.ijber.20211006.13},
url = {https://doi.org/10.11648/j.ijber.20211006.13},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20211006.13},
abstract = {Remittance has been one of the most vital behind the economic development of Bangladesh. But due to the global pandemic, remittance flow all over the world was disrupted. In Bangladesh also, the dynamism of remittance was disturbed but later on with the advancement of time it began to regain its momentum during the global pandemic. The main purpose of this paper is to evaluate the changes in the dynamics of remittance in Bangladesh that have occurred during the pandemic period and to observe the differences with that of the pre-covid period. Moreover, the major sources and purposes of remittance inflow both during the pandemic and also the pre-pandemic period will be evaluated for the timeframe of 2010-2020. Along with this a forecast has been made regarding the future dynamism or portrait of remittance inflow for the year 2021 from the perspective of Commercial Bank of Ceylon. To be exact, the main objective of the paper is to evaluate the change in the trend of dynamism of remittance flow due to the pandemic in Bangladesh from the perspective of Commercial Bank of Ceylon PLC. The paper is quantitative and descriptive in nature. Microsoft Excel and SPSS 27 has been used for the analysis of data. Results show that for the selected time frame the bank experienced a good growth in the remittance flows. During the pandemic the growth of inward remittance has reduced a bit. USA and Freight Charges were the major source and purpose of remittance in Commercial Bank of Ceylon for the last decade. From forecasting it was seen that the bank will enjoy a upward trend in inward remittance in 2021. In order to achieve the forecasted values and for efficient operations some useful recommendations have been provided in this paper. In conclusion, it can be said that as the bank is having a good trend in the dynamics of remittance, the dynamism of remittance in Bangladesh has not been altered majorly rather it is performing satisfactorily.},
year = {2021}
}
TY - JOUR T1 - Evaluation of the Dynamics of Remittance in Bangladesh During the Pandemic: A Study on Commercial Bank of Ceylon PLC AU - Md Mostafa Asef Rafi Y1 - 2021/11/19 PY - 2021 N1 - https://doi.org/10.11648/j.ijber.20211006.13 DO - 10.11648/j.ijber.20211006.13 T2 - International Journal of Business and Economics Research JF - International Journal of Business and Economics Research JO - International Journal of Business and Economics Research SP - 227 EP - 235 PB - Science Publishing Group SN - 2328-756X UR - https://doi.org/10.11648/j.ijber.20211006.13 AB - Remittance has been one of the most vital behind the economic development of Bangladesh. But due to the global pandemic, remittance flow all over the world was disrupted. In Bangladesh also, the dynamism of remittance was disturbed but later on with the advancement of time it began to regain its momentum during the global pandemic. The main purpose of this paper is to evaluate the changes in the dynamics of remittance in Bangladesh that have occurred during the pandemic period and to observe the differences with that of the pre-covid period. Moreover, the major sources and purposes of remittance inflow both during the pandemic and also the pre-pandemic period will be evaluated for the timeframe of 2010-2020. Along with this a forecast has been made regarding the future dynamism or portrait of remittance inflow for the year 2021 from the perspective of Commercial Bank of Ceylon. To be exact, the main objective of the paper is to evaluate the change in the trend of dynamism of remittance flow due to the pandemic in Bangladesh from the perspective of Commercial Bank of Ceylon PLC. The paper is quantitative and descriptive in nature. Microsoft Excel and SPSS 27 has been used for the analysis of data. Results show that for the selected time frame the bank experienced a good growth in the remittance flows. During the pandemic the growth of inward remittance has reduced a bit. USA and Freight Charges were the major source and purpose of remittance in Commercial Bank of Ceylon for the last decade. From forecasting it was seen that the bank will enjoy a upward trend in inward remittance in 2021. In order to achieve the forecasted values and for efficient operations some useful recommendations have been provided in this paper. In conclusion, it can be said that as the bank is having a good trend in the dynamics of remittance, the dynamism of remittance in Bangladesh has not been altered majorly rather it is performing satisfactorily. VL - 10 IS - 6 ER -
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