The Bangladesh Jeweller’s Association (BAJUS) yesterday said it would work with the Bangladesh Financial Intelligence Unit (BFIU) to combat gold smuggling.
Gold bars and pieces of jewellery that are smuggled into the country might be worth around Tk 73,000 crore a year, said the Bangladesh Jeweller’s Association (BAJUS) today.
The gold market of Bangladesh is witnessing high volatility in prices, raising concerns among jewellers who claim that sales this year have declined by 25 per cent to 30 per cent from what used to be in the pre-pandemic period.