Monday , May 27 2024

10 banks may face penalties for Dollar exchange rate manipulation

Bangladesh Bank may penalize 10 banks for buying and selling dollars at prices higher than the fixed rate. It is also known that a letter has been given to the banks on Tuesday (September 19).

When asked about this, Bangladesh Bank Executive Director and Spokesperson Majbaul Haque told that there were allegations against several banks of buying and selling dollars at high prices. After investigation, Bangladesh Bank found the truth of the incident. As a result, action will be taken accordingly.

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This list includes domestic and foreign banks. Earlier, in July, Bangladesh Bank conducted further investigation against 13 banks after receiving allegations of dollar rate manipulation. As the charges against 10 of those 13 banks were proven, Bangladesh Bank started the process of punishing them.

“We have started the investigation after receiving the complaint,” said Mesbaul Haque when further investigation was initiated in July last year. Further action will be taken based on the findings of the investigation. Then the details can be told.

 

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