Decrease in Remittances from Oman to Bangladesh due to Political Unrest
In recent weeks, remittances from Oman to Bangladesh have seen a significant decrease amidst the ongoing political unrest in the country. Student protests against a job reservation bill have led to nationwide unrest, prompting Prime Minister Sheikh Hasina to resign and flee Bangladesh. This has caused concern among Bangladeshis living overseas, including those in Oman, who are hesitant to remit money back home due to security reasons and uncertainty.
Both Lulu Exchange and Unimoney officials have observed a decline in remittances to Bangladesh from Oman. Bangladeshi expats like Mohammad Islam and Gassuddin Rehman are delaying remittances due to concerns over the political crisis and safety issues. Others, like civil engineer Shakeb Khan, are worried about the risks involved in transferring funds to their loved ones in Bangladesh.
The current situation has left many expats in Oman holding back on remitting money until the situation improves and becomes more stable. The safety and security of their families back home are paramount in their decision-making process.
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