5 money changers suspended, 42 more served show-cause notices for irregularities
The Bangladesh Bank has suspended the operations of five money changers till Tuesday for keeping dollars beyond the limit and other irregularities.
In addition, the central bank also directed the Detective Branch (DB) of Dhaka Metropolitan Police to investigate the activities of nine other money changers on Tuesday (2 August), said Bangladesh Bank Executive Director and Spokesperson Md Serajul Islam.
The regulatory bank also sent show-cause notices to 42 money changers for flouting its rules amid the global dollar crisis.
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Officials at the central bank said the operations of several other money changers are likely to be suspended soon.
A senior official at the Bangladesh Bank told The Business Standard that several central bank teams have carried out raids with members of the law enforcement agencies at money changers in the capital for the past one week.
On Sunday, they inspected 22 money changers and found most of them violating the rules. The central bank did not go on any operation on Monday.
