Skip to content

Bangladesh Cracks Down on Money Changers to Curb Dollar Crunch

Updated on

Bangladesh is cracking down on money changers as a shortage of dollars pushed the taka to a record low and forces trade to the so-called kerb market.

The central bank has suspended the licenses of five money changers and served notice on 42 others, citing alleged manipulation of the exchange rate. As of this month, 235 money changers were registered with the central bank to operate across the country.