Bangladesh Bank doubles licence renewal fee for money changers to Tk10,000
The directive for the revised fee will take effect from 15 January
File Photo of Bangladeshi bank notes: Mumit M/TBS
The Bangladesh Bank has doubled the licence renewal fee for money changers to Tk10,000 from the existing Tk5,000.
The central bank issued a circular through its Foreign Exchange and Policy Department on Monday (12 January), sending it to all authorised dealers and licensed money changers in the country.
The directive for the revised fee will take effect from 15 January.
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A Bangladesh Bank official said the licence renewal fee for money changers had remained unchanged at Tk5,000 since 2002.
In view of rising prices and inflation in the country, the fee has now been increased to ensure consistency.
Money changers are required to renew their licences once a year.
