Bangladesh Jeweller's Association (BAJUS) wants to work with Bangladesh Financial Intelligence Unit (BFIU) under Bangladesh Bank to stop gold smuggling in the country.
BAJUS sent a letter to BFIU head Md Masud Biswas in this regard on August 2.
The letter, signed by Bangladesh Jeweller's Association President Sayem Sobhan Anvir, said the association is interested in joint operations with Bangladesh Financial Intelligent Unit to prevent gold smuggling.
It also said the country's jewellery industry market is constantly expanding with nearly 40,000 members across the country.
The jewellery industry of Bangladesh is now moving towards exports and it is getting foreign investment. In such a context, gold smuggling has become a major crisis and challenge, the letter reads.
Mentioning that smuggling is one of the main causes of the dollar crisis, BAJUS said it not only encourages corruption but also causes an economic crisis.
BAJUS thinks that the ongoing dollar crisis, money laundering and gold smuggling syndicates have created volatility in the gold market.
Bd-pratidin English/Golam Rosul
