Many Bangladeshis were on their way home from abroad with two gold bars each weighing 117 grams as per the permitted limit in the beginning of June. They opted for gold bars instead of foreign currencies because price differences would earn them Tk 300,000 or more, a good amount amid high living costs. The duty to bring gold has also been doubled to Tk 4,000 per Bhori, or 11.664 grams. So, any quantity of gold bars or gold pieces in excess of the stipulated amount, which is 117 grams now, is liable to confiscation in accordance with the Customs Act, 1969. The authorities seized one 117 gram gold bar from 320 passengers each in the three days after Kamal's announcement.

Source: bd News24 June 10, 2023 00:49 UTC