Asian and Pacific Migration Journal
Volume 16, Issue 1, 2007, Pages 121-137

Remitting money to Bangladesh: What do migrants prefer? (Article)

Ullah A.K.M.A.* , Panday P.K.
  • a City University of Hong Kong, Hong Kong, Hong Kong
  • b City University of Hong Kong, Hong Kong, Hong Kong

Abstract

This paper looks into the remittance channels used by Bangladeshi labor migrants in Hong Kong and Malaysia and examines the reasons why they prefer particular modes of money transfer. Data were collected from 126 respondents (56 in Hong Kong and 70 in Malaysia) through a survey conducted during June 2004 to October 2005. An overwhelming majority of migrants preferred unofficial over official channels in transferring money. According to migrants, the informal channels are quicker in transferring money and the exchange rate is higher than the formal channels. They recognized thougb that there is a considerable amount of risk in remitting through informal channels.

Author Keywords

[No Keywords available]

Index Keywords

labor migration Southeast Asia China Eurasia migrants remittance Bangladesh Hong Kong Malaysia Far East South Asia exchange rate Asia
Link
https://www.scopus.com/inward/record.uri?eid=2-s2.0-34247556535&doi=10.1177%2f011719680701600106&partnerID=40&md5=a7aaaab77eaae7b3812dc811d55c60cc
DOI: 10.1177/011719680701600106
ISSN: 01171968
Cited by: 10
Original Language: English