80 percent of stolen reserve money has been returned: BB Governor

Noting that money laundering from the country has stopped due to the establishment of good governance, Bangladesh Bank Governor Dr. Ahsan H. Mansur said that money laundering from the country has stopped due to the establishment of good governance.

He said that 80 percent of the stolen reserve money has already been returned. "A case is underway to recover the remaining money. I hope Bangladesh will win the case."

He made this comment at a program titled 'Branding Bangladesh' at a hotel in the capital on Saturday (January 11).

The governor said: "A single institution in Chattogram has laundered 20 billion dollars abroad. Work is underway to recover all the money. Foreigners are also cooperating. Discussions are being held with the Federal Bureau of Investigation (FBI) and other agencies of the United States to return the laundered money. Foreign lawyers are being appointed."

"Despite political instability, the remittance flow has reached the highest level in recorded history. The government is spending Tk7,000 crore annually by giving a 2.5 percent incentive to bring remittances through banking channels."

Requesting expatriates to send money directly through banking channels, he said: "Dubai has surpassed Saudi Arabia in sending remittances. This is not a good sign. Because, money from Saudi Arabia comes to Dubai first. From there, it comes to Bangladesh. Some institutions in Dubai are trying to manipulate the currency exchange rate using this opportunity."