Bangladesh Bank has spotted several incidents of ‘under-invoicing’, which its officials believe is used to smuggle money out of the country, reports bdnews24.com. The revelation was made during the quarterly meeting, chaired by Bangladesh Bank Governor Abdur Rouf Talukder, with the top executives of commercial banks in Dhaka on Wednesday. He attended the meeting also in his capacity as chairman of the Association of Bankers, Bangladesh , or ABB . At the end of the fiscal year 2022-2023, a financial account deficit of $2.14 billion was reported. Quoting the governor, BRAC Bank’s Selim said the central bank had assured the commercial bankers of bringing down the deficit to a tolerable level.

Source: bd News24 August 17, 2023 05:13 UTC