Bangladesh Bank waives fines on 10 bank treasury heads for trading dollars above regulated prices. In the 433rd meeting chaired by the Governor, warnings were issued to abstain from such actions. Previously, six treasury heads were relieved of duties for similar offences but later pardoned. The central bank initiated the disciplinary process in September, penalizing treasury chiefs from 10 banks for selling dollars above prescribed rates. Most were involved in transactions directed by senior officials, causing rates to exceed fixed prices. While the bank’s spokesperson was not officially informed, the dollar rate, set by the Bangladesh Bank, declined to Tk113.50 from Tk120-Tk124, impacting remittance and import rates.
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