DHAKA: Bangladesh Bank finalized 'Gold Policy-2018' for gold import and sale directly through authorized distributors. The policy will be published soon.

To be a distributor, every businessman has to pay Taka 5 lakh to collect application form.

And to import and trade in gold, every entrepreneur has to have Taka one crore of capital. With that amount of money, application can be submitted by September 30.

As per rules, authorized dealer bank, individually-owned institution, joint ownership or limited company can apply to become 'approved gold distributor'.

For the first time, the cabinet approved the draft of gold import-export policy on October 3 of 2018.

Currently, there is a demand of 20-40 metric tons of gold in the country. 80 percent comes through smuggling, the rest 20 percent comes from old used ornaments.

“Gold Policy-2018 has been finalized. Soon, the government will issue directive in this regard,” Bangladesh Bank Executive Director and spokesman Sirajul Islam told Banglanews.

BDST:  1211 HRS, MAR 13, 2019

AH