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Dhaka     Thursday   28 March 2024

5 money changers’ licence suspended

Desk Report || risingbd.com

Published: 19:06, 2 August 2022  
5 money changers’ licence suspended

The central bank has suspended licences of five foreign exchange houses and served show-cause notices on 42 for their alleged involvement in the manipulation of US dollar prices in the kerb market.

Bangladesh Bank Executive Director and spokesperson Md Serajul Islam revealed the information while addressing reporters on Tuesday (August 2).

He said, the law enforcers were asked to take action against nine organizations for doing business without licences. Besides, show cause notices were issued against 42 money exchangers.

Earlier the spokesperson of Bangladesh Bank said that the licences of money exchange houses would be cancelled if they manipulate the price of the US dollar.

The price of the US dollar soared to Tk112 in the kerb market recently while the Bangladesh Bank is trying to stabilize the exchange rate.

N F/Nasim