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BB warns against illegal forex traders
Bangladesh Bank has warned against dealing in foreign currency from parties other than authorised dealers or moneychangers.
Published : 12 Jan 2012, 02:05 PM
Updated : 12 Jan 2012, 02:05 PM
Dhaka, Jan 9 (bdnews24.com) – Bangladesh Bank has warned against dealing in foreign currency from parties other than authorised dealers or moneychangers.
In a media release on Thursday, the central bank cautioned that it had noticed some illegal advertisements on training for online forex trading and dealing, promising large profits. The adverts also promise currency load in debit cards.
It warned against being tempted by these illegal activities.
"Foreign currency can be purchased or sold only through dealers or moneychangers authorised by Bangladesh Bank. So the forex trading by another entity or person is illegal and punishable crime," it said.
The statement said actions were being taken against the advertisers.
bdnews24.com/arh/sh/bd/2213h
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