CMCCI’s 10-pt proposals to control dollar price hike

C T Online Desk: Chittagong Metropolitan Chamber of Commerce and Industries (CMCCI) President Khalilur Rahman said, “If the price of the dollar increases in the market, the cost of import will increase if the dollar has recently increased the dollar price significantly.” This will increase the prices of the raw materials of the industry, the necessary consumer goods, medical goods and the essential commodities in the country.

As a result, inflation can also increase and the supply chain of the country will be broken. It is important to take action as soon as possible. He made the demand in a letter sent to the finance minister at the Bangladesh Secretariat on Thursday. Besides, CMCCI President Khalilur Rahman has made ten proposals for controlling the price of the dollar. In the letter, he mentioned that the dollar market may be restless and some people are doing business with dollars. And since the circular that Bangladesh Bank does not observe, it is not stated in the circular what action will be taken against it.

Apart from this, there is no audit team in the control of any foreign currency monitoring of Bangladesh Bank or under the control of various foreign currency. If any major allegations related to foreign currency, the matter is only sent to the CID. Khalilur Rahman also said that there are thousands of CID work in the country. Investigations and courts are short -remedy as the process of cases is very long.

Therefore, if a circular is not followed, Bangladesh Bank does not have a special branch for the search and every irregularities for the disciplinary system by the Bangladesh Bank, and the Scheduled Banks are also transparent in one -rate dollars by not following the circular of Bangladesh Bank. In this situation, Khalilur Rahman has given a ten -point proposal to control the dollar market of the country.