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

Authentic Bhutanese Souvenirs from Eastern Bhutan

Every district and village produce distinct products in Bhutan. To encourage rural communities to produce more authentic...

Dec 25, 2020 22:13

Bhutan- The Kingdom of Peppers

Bhutan is a country with the highest per-capita consumption of chilli.

Sep 26, 2020 09:15

Are Local Vendors Earning More Money Than the Civil Servant?

A Farmer from Lango, Paro gave up farming to be vendor while office goers are switching into agriculture as the remedy...

Jul 27, 2020 19:15

Latest

News

Bhutan is expected to receive the first consignment of the vaccines today

According to Indian media, the consignment of 150,000 doses of Oxford-AstraZeneca COVID-19 vaccine, Covishield for Bhutan was airlifted...

Jan 20, 2021 15:04

What are the different local governments in Bhutan?

Bhutan’s development planning is guided by the development philosophy of Gross National Happiness (GNH), which encompasses four pillars that...

Jan 19, 2021 11:03

Features

What are the types of traditional dances and music in Bhutan?

In general, there are three classifications of Bhutanese classical and contemporary performance - Zhungdra, Boedra and Rigsar.

Jan 17, 2021 20:27

Splendid Bhutanese architecture inspired the design of the entire university campus in Texas

The architectures of the Kingdom of Bhutan are undisputedly world-class.

Jan 14, 2021 15:24

Sports

Contributing to the country through the love for football

It's been a month since the conclusion of Bhutan Premier League 2020. Daily Bhutan interviews Paro FC to find out more about the club. Below...

Dec 21, 2020 17:05

Football clubs in Bhutan gearing up for Bhutan Premier League (BPL) 2020

Bhutan Premier League (BPL), the top national football tournament in Bhutan is set to commence on August 1.

Jul 24, 2020 14:33

Business

Authentic Bhutanese Souvenirs from Eastern Bhutan

Every district and village produce distinct products in Bhutan. To encourage rural communities to produce more authentic souvenirs and...

Dec 25, 2020 22:13

Bhutan- The Kingdom of Peppers

Bhutan is a country with the highest per-capita consumption of chilli.

Sep 26, 2020 09:15

Travel

Bhutan Strives to Keep Up With 4th Industrial Revolution through Digitalization in Tourism Sector

The pandemic has affected the tourism industry globally including Bhutan. The stakeholders involved in the tourism industry is taking the...

Jan 12, 2021 00:38

Dakpa princess entombed inside popular stupa in Trashi Yangtse

Every year, the stupa is a holy site for two major festivals - the Dakpa Kora held on the 15th of the first lunar month and the Drukpa Kora...

Dec 23, 2020 00:44

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!