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15 Jun,2017

Dhaka, BdChronicle:

As the country ramps up for Eid, currency note traders have sprung up all over Dhaka city.

Even though open money markets are illegal government, the anticipation of the two Eids usually leads to a boom in business for money traders.

On Wednesday, around a hundred such traders were seen in front of the Gulistan Shopping Complex alone, bargaining with customers over shiny new notes.

Similar markets have also sprung up at Motijheel, Farmgate and Sadarghat.

“The sale of new notes has increased remarkably around Eid, with individual traders often selling new notes worth around Tk1 lakh per day,” a seller told the Dhaka Tribune on the condition of anonymity.

“During the rest of the year, sales are usually limited due to the availability of these services through commercial banks, but Eid is when our profits soar,” he added.

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