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Banning hundi won't solve Bangladesh's forex problem

The demand for dollars comes from many sources, but money laundering is like the white elephant in the room. A former chief of the National Board of Revenue (NBR) openly asked, “Who is laundering out all the money? There must be someone in the know.” ....

West Bengal , United States , Rudi Dornbusch , Selim Raihan , Begum Para , International Food Policy Research Institute , American Express , Corruption Commission , National Board Of Revenue , Bangladesh Bank , Nawabpur Road , Gold Bazaar , Professor Rudi Dornbusch , National Board , Anti Corruption Commission , Remmitance Earnings , Remittance To Bangladesh , Undi Makers , Mundi Business , Money Transfer , Money Transfer Business , Oney Trade In Bangladesh , Mobile Financial Services , Bangladesh Bank , Bangladesh Bank Policies , Illegal Money Transfer ,

What's so wrong with hundi?

Remitters have every right to do cost benefit analysis, and many of them resort to using hundi simply because this channel offers greater value for their hard-earned wages. ....

New York , United States , United Kingdom , Khedmat Mia , Keramat Mia , Investigation Department , Bangladesh Bank , Bangladesh Bank Amendment , Criminal Investigation Department , New York City , Remmitance Earnings , Remittance To Bangladesh , Undi Makers , Mundi Business , Money Transfer , Money Transfer Business , Oney Trade In Bangladesh , Mobile Financial Services , Bangladesh Bank , Bangladesh Bank Policies , Illegal Money Transfer , Birupaksha Paul ,