Detectives to conduct drive against dollar hoarders
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Detectives to conduct drive against dollar hoarders

Detectives to conduct drive against dollar hoarders


Detectives of Dhaka Metropolitan Police (DMP) will launch drive against hoarding of US dollars amid volatility of the greenback.

DMP's Additional Commissioner and chief of Detective Branch (DB) Mohammad Haroon Or Rashid said this in response to a question from journalists at a press conference held at the DMP Media Center on Thursday.

He said that if anyone illegally stocks dollars amid its high demand and its appreciation against local currency will be taken to task.

Also read: US dollar rate soars to Tk112 in kerb market amid franctic purchase

Besides, the detective will keep vigil against fake dollars.

The exchange rate of an American dollar jumped to Tk112 in the unofficial (kerb) market on Tuesday causing a sort of panic among buyers.

Traders of the kerb market, where out-of-bank cash dollars are sold and bought, said that in the last couple of weeks, the exchange rate of dollars increased drastically.

Also read: Dollar price jumps to Tk 105 in kerb market, amid BB’s move to stable it

Despite the BB’s move to sell the dollar and relax policies to increase the inflow of forex in the country since June this year, the dollar market is yet to stabilize.

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US dollars DB drive Drive against dollar hoarders