Remittances from Youths Working in the Middle East

Email

Remittances from Bhutanese youth working in the middle-east was around Nu 204 million last year according to records maintained by the Bhutan Postal Corporation Limited which is the only agency that operates Western Union, the international money transfer and payment services, in Bhutan.

Remittances from Youths Working in the Middle East (Source: The Telegraph)

Remittances from Bhutanese youth working in the middle-east was around Nu 204 million last year according to records maintained by the Bhutan Postal Corporation Limited which is the only agency that operates Western Union, the international money transfer and payment services, in Bhutan.

Most of the remittances came from the U.A.E, Kuwait, Qatar, and Oman. There were 4,220 transactions from the U.A.E, 1,634 from Kuwait, 1,296 from Qatar and 119 transactions from Oman in 2016.

This year from January to June alone the remittances was Nu 151 mn with 5,586 transactions in total indicating higher remittances for 2017.

This would mean a total of Nu 355 mn remitted in the last 18 months through Bhutan Post.

However, the actual remittances would be higher as youth also use other facilities like the one in the Bank of Bhutan to transfer money on a monthly basis.

“Most of us working here send around Nu 20,000 monthly back home to support our parents. Since we get free accommodation and food, we send whatever we earn home. We try to send more when we get better tips,” said Sangay, a youth working in Dubai. “I am the only child and I want to help my old parents.”

Sonam, another youth working there, said he saves half of what he earns and sends the rest home.

But Tshering, on the other hand, said that since she and some of her friends availed loans to apply for the employment program, they used their earnings to repay loans.

According to the manager of Western Union, Karma Wangchuk, the remittances indicate that youth placed in the Middle East for overseas employment are increasing and that their earnings are positive, which is a good sign.

He said on the other hand, it shows trust, reliability and prompt services rendered by the financial payment service.

He added that under the cooperation between Western Union and Bhutan Post, customers can use the service for receiving money from all parts of the world but can send money to India only, which is due to objection from the Central Bank.

The Director General of department of employment and human resources in the labour ministry, Sherab Tenzin, said the main objective of the government for initiating overseas placement is to engage youths meaningfully, have them gain proper work experience and enhance their skills.

“Remittances have played an important role in many countries; it will have a positive impact for Bhutan as well. And it is a good news that the earnings of the youths working in the Middle East countries are in hard currency,” said the director general.

 

By Sonam Yangdon (This article has been edited for the Daily Bhutan)

Photo Credit: The Telegraph

This article first appeared on The Bhutanese.

 


Related Posts

Bhutanese Youths head to South Korea for Vocational Training

A total of 18 young Bhutanese headed to South Korea’s Jeju Province in late Sept 2017 where they will undergo trainings...

Oct 06, 2017 17:30

Entrepreneurship Course Equips Youth with Business Skills

More than 30 out of school youths are learning how to make banana bread, chips, fruit wine and cardamom tea at a basic...

Oct 15, 2017 15:21

Celebrating Bhutan’s Entrepreneurs: Namkhar Gyaltshen Of...

This story is part of an exclusive feature by Yeewong Magazine in Dec 2018 on celebrating entrepreneurship in Bhutan.

Mar 06, 2020 11:48

Centre Of Excellence For Software Engineering Launched By...

The purpose of establishing this centre is to fulfil His Majesty the King’s vision of using technology to solve...

Feb 24, 2020 23:58

Two ‘Made In Bhutan’ Products To Hit The Market Soon, Also Eyeing...

Druk Peci and Bhutan Green Product were launched on 19 February.

Feb 20, 2020 23:38

Latest

News

Employment opportunities amid crisis - Tour guides opts farming

A tour guide could earn a minimum of Nu 30,000 per month during the peak tourist season in Bhutan. The income made was sufficient to support...

May 19, 2020 19:53

Covid-19 response must address gender-based violence, other rights of women and girls

“The social and economic stress that Covid-19 pandemic brings upon households places women and girls in vulnerable positions, burdening them...

May 12, 2020 16:46

Features

Things to Know about the Queen of Bhutan - Ashi Jetsun Pema Wangchuck

The King of Bhutan told reporters. "She is a wonderful human being, intelligent." "She and I share one big thing in common: a love and...

Jun 01, 2020 23:39

One of the Inspiring Bhutanese Artists to Watch This Summer- Pema Gyeltshen

Pema is a rising artists producing paintings with diverse theme including region, tradition, culture, everday life, abstracts and self...

May 29, 2020 17:20

Sports

Karma – Female Archer From Bhutan Qualified For Tokyo 2020 Olympic Quota

Karma has been specialising in Olympics-style archery since 2009.

Nov 30, 2019 13:18

Bhutan’s Pelden Wangchuk Wins 10th Edition Of Tour 0f Dragon Mountain Bike Race

This year, the race also saw the highest number of female participants compared to past years.

Sep 10, 2019 01:08

Business

Celebrating Bhutan’s Entrepreneurs: Namkhar Gyaltshen Of Transcend Artisan

This story is part of an exclusive feature by Yeewong Magazine in Dec 2018 on celebrating entrepreneurship in Bhutan.

Mar 06, 2020 11:48

Centre Of Excellence For Software Engineering Launched By Bhutan’s Thimphu Techpark

The purpose of establishing this centre is to fulfil His Majesty the King’s vision of using technology to solve problems.

Feb 24, 2020 23:58

Travel

Wangdue Phodrang - The gateway to the far-flung corners of Bhutan

Known as Sha or east to the Bhutanese, Wangduephodrang district is an important gateway to the far-flung corners of Bhutan. The region, the...

May 27, 2020 08:47

Reasons Why Dagala Trek is Every Trekkers Dream

May 13, 2020 11:30

Lifestyle

Food on Wheels- First of its kind in Bhutan

The World's Largest Fast Food Restaurant Chains doesn't exist in Bhutan.

Mar 04, 2020 09:39

Amazing Stories from the Eastern Part of Bhutan

You can't say you have visited the eastern part of Bhutan unless you have experienced the following bizarre things.

Mar 02, 2020 19:02

Subscribe to our newsletter

Never miss out on new happenings and news stories!

Download Daily Bhutan Mobile App

Connecting with us just got easier!