The Bangladesh High Commission in the Maldives has launched several initiatives to ensure an easier, safer, and more affordable remittance system for Bangladeshi migrant workers. On June 23, a key meeting was held at the Bank of Maldives headquarters between Bangladesh’s High Commissioner Dr. Md. Nazmul Islam and the bank’s CEO and Managing Director Mohamed Shareef. Both sides agreed to strengthen cooperation on migrant welfare, legal remittance flows, and broader economic collaboration between the two countries.

Discussions focused on developing a direct financial transaction channel between the Maldivian rufiyaa (MVR) and the Bangladeshi taka (BDT) to enable faster and cheaper money transfers. The meeting also explored expanding financial inclusion for Bangladeshi workers, enhancing bilateral banking ties, and establishing potential credit facilities. Both parties emphasized that a sustainable financial cooperation framework could boost trade, investment, infrastructure, and food security.

The Bank of Maldives CEO praised the contributions of Bangladeshi workers and expressed a positive stance toward providing effective and user-friendly financial services for them.