The Bangladesh Financial institution on Sunday prolonged the time of having fun with waiver from the licence renewal situation for cash changers to December 2021.
The central financial institution on Sunday issued a round on this regard.
Earlier on June 23, 2020, the BB issued a round saying that it could course of the licence renewal purposes from cash changers with out taking into account the annual enterprise targets.
The coverage leisure for the licence renewal was relevant solely to the 12 months 2020.
Previous to the comfort, a cash changer within the metropolis company areas of Dhaka and Chattogram was required to finish a minimal quantity of overseas alternate transactions price $0.5 million in a 12 months to be eligible for licence renewal.
The minimal required annual quantity of overseas alternate transactions is $0.35 million for different areas.
Different necessities for renewal of cash changer licences will stay unchanged as per the round issued on June 23 final 12 months.