BB’s surprise visit to money changers cuts dollar price

block

Business Desk :
Ten inspection teams of Bangladesh Bank on Wednesday went for surprise visits to different money changers’ shops in Dhaka city to investigate whether they are hoarding US dollar to intentionally hike the rate of the greenback against the taka.
Md Serajul Islam, spokesperson of BB, confirmed the issue to the correspondent, saying the banking regulator had inspected the money changers to know whether they followed the central bank’s rules and regulations.
Money changers have to take licence from the central bank to operate their business.
The US dollar hit a record of Tk 112 in the kerb market yesterday in contrast to Tk 107 a day before.
The exchange rate of the taka, however, on Wednesday decreased to Tk 107 in the kerb market, a platform where the commoners sell and buy foreign currencies.

block