Business Desk :
Punitive actions will be taken against people who have hoarded US dollars illegally, the Bangladesh Bank said on Wednesday.
The hoarders will have to sell the dollar to either banks or money changers by September 30, or else strict legal action will be taken against them, according to a Bangladesh Bank press release.
It said that a non-resident Bangladeshi (NRB) is allowed to bring any amount of money when the person comes back to the country.
A single NRB will keep a maximum of $10,000 or equivalent amount of other foreign currencies with him or her during staying in the country.
The amount can be brought back to the foreign nations when an NRB goes there.
But the NRBs have to sell the excess amount of $10,000 to either banks or money changers within a month after coming to Bangladesh. Legal action will be taken against the NRBs if they keep excess amount of foreign currency than the legal limit.
A Bangladesh Bank official said the country’s financial sector has started to face shortage of cash dollar once again.
