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MUTUAL BANKING: SHOWING THE RADICAL DEFICIENCY OF THE PRESENT CIRCULATING MEDIUM, AND THE ADVANTAGES OF A FREE CURRENCY

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Recent years have witnessed an increase in migration from several Asian countries and thus in remittance flows. The top international destinations for Bangladeshi, Indian and Pakistani migrant workers are the oil-producing countries in Western Asia (Bahrain, Iraq, Kuwait, Libya, Oman, Qatar, United Arab Emirates) and countries in Southeastern Asia (Malaysia, the Republic of Korea, Singapore). Bangladesh has experienced a high degree of internal migration, but between 1976 and 2002, over 3 million people left the country to work abroad. During the same period Bangladeshi migrants sent home $25 million in.