Dhaka, Oct. 7 -- Bangladesh Bank Governor Dr. Ahsan H. Mansur on Tuesday called for coordinated action between the financial sectors of Bangladesh and Saudi Arabia to reduce the high cost of remittances from KSA.

"The cost of sending remittances from Saudi Arabia is disproportionately high as the expatriates are paying between 6 to 10 percent which imposes a heavy burden on them," he said at inauguration of Saudi Arabia-Bangladesh Business Summit 2025 at a hotel in the capital.

Governor Mansur said Saudi Arabia is Bangladesh's largest source of remittances, making it a crucial stream of foreign currency inflow.

He urged both countries' central banks, financial institutions, and relevant agencies to collaborate in creating a more effici...