JS passes Foreign Exchange Regulation (Amendment) Bill

The Jatiya Sangsad (parliament) on Sunday passed 'Foreign Exchange Regulation (Amendment) Bill, 2015. Finance Minister Abul Maal Abdul Muhith piloted the bill, aimed at updating the existing law for regulating purchase and sale of foreign currencies and securities. "In the wake of a huge expansion of foreign investment and international trade along with increasing the categories, volume and settlements of foreign transactions, it is necessary to amend the existing law," said the minister while piloting the bill. Otherwise, he said, Bangladesh will face difficulties in foreign investment and international trade and taking time-befitting measures in the said areas, according to a news agency.
- biplab