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BB tightens forex rules for electronic media

3 May 2010, 18:00 PM

METROPOLITAN

Star Business Report

Electronic media houses will now have to take clearance from Bangladesh Bank (BB) to withdraw $50,000 or more in foreign currency from their bank accounts. The rules apply to the money remitted from abroad. The central bank has issued a notice to all commercial banks yesterday, making the clearance mandatory for the electronic media, a BB official told The Daily Star.