Bangladesh Bank (BB) has set up a special department to investigate forgery and fraudulence of foreign currencies in export and import.
This department will have a vigilance team under its command with an authorisation of probing irregularities in the buying houses, money exchangers, shipping lines, indenting organisations and liaison offices of foreign companies.
The BB is forming the department led by a general manager and it will have 58 officials in various capacities. The central bank yesterday made an internal circulation in this regard saying the officials will be given specialised training before induction into the department.
BB source said import has slid down recently while export and remittance have picked up, but the foreign currency liquidity is not rising in the market.
Sources suspect there must be some sorts of leakages somewhere. In the wake of such suspicious transactions, BB has decided to form the special department.
