Bangladesh Bank Governor Dr. Ahsan H. Mansoor said, due to the establishment of good governance, money laundering has stopped from the country. Despite the political turmoil, remittance inflows have reached the highest level in recorded history. The country has enough reserves to last for four months, so there is nothing to fear.
Today Saturday (January 11) in a hotel in the capital in a program titled “Branding Bangladesh”. Ahsan H. Mansoor said these things.
Citing corruption during the tenure of the previous Awami League government, the Bangladesh Bank Governor said that a single institution in Chittagong alone laundered 20 billion dollars abroad. Work is underway to recover those who laundered money from the country. Foreigners are also cooperating.
The Governor also said that discussions are being held with other agencies, including the Federal Bureau of Investigation (FBI) of the United States, to return the laundered money. Foreign lawyers are also being appointed.
Regarding remittances, Ahsan H. Mansur said that the government is spending 7,000 crore taka annually due to the 2.5 percent incentive to bring remittances through banking channels. Remittances have increased by $3 billion in the last five months. Exports have increased by $2.5 billion.
The economist also mentioned that if trained workers can be sent abroad, it is possible to increase remittances to $6 billion annually.
Dubai has surpassed Saudi Arabia in sending remittances. Terming this as alarming, the governor said that money from Saudi Arabia is first coming to Dubai. From there, it is coming to Bangladesh. Some institutions in Dubai are trying to manipulate the exchange rate using this opportunity.
After payment of the Asian Clearing Union (ACU) bill, the country’s gross foreign exchange reserves have come down to $2,490 million. Apart from this, according to the BPM-6 calculation standard, the reserves have now reached 2000 crores. However, on January 8, the foreign currency gross reserve was 2,657 billion dollars. And the reserves according to BPM-6 were $21.67 billion. In this regard, the governor said, “There is a reserve to last four months, so there is nothing to fear.”
Governor Ahsan H Mansoor said 80 percent of the money stolen from the reserve had been recovered. A case is underway to recover the remaining money. It is possible to return the remaining money by winning the case.
