Regulatory Alerts2009-06-01
Added · Updated
FE Circular No. 06: Amended Policy Regarding Activities of Money Changers
The Bangladesh Bank reduces the minimum annual transaction target for money changer establishments operating outside the Dhaka and Chittagong metropolitan areas from BDT 500,000 to BDT 350,000, while maintaining the BDT 500,000 target for establishments within those metropolitan areas. Failure to meet the revised target renders a money changer ineligible for license renewal for the subsequent period. This amended policy becomes effective on June 1, 2009.