Bangladesh Bank (BB) has instructed all banks engaged in foreign exchange transactions to provide the latest information on foreign currency transactions to their clients and foreign investors.
The Central Bank's Foreign Exchange Policy Department on Wednesday (June 17) issued a notification in this regard and sent it to the CEOs and Managing Directors of Banks that are authorized to engage in foreign exchange transactions.
According to the notification, it has been observed that some authorized banks are providing misleading and outdated information on foreign exchange transactions to their customers.
BB gave the instruction to remove obstacles to the economic progress of the country.
Approval from BB is required for any foreign currency transactions, the notification also added.
