There are 1,000 illegal money exchangers operating across the country, and they transact around Tk 70 lakh – Tk 75 lakh each on a daily basis, said the Criminal Investigation Department (CID) on Tuesday.

CID Chief Mohammad Ali Mia made the disclosure at a press briefing in CID headquarters on Wednesday, adding that 14 people were arrested on Tuesday during a day-long raid against money exchange offices in Dhaka, for operating without the Bangladesh Bank’s approval.

Providing further details, he said, “Bangladesh currently has 235 legally registered money exchanges. According to information from relevant organisations, over a thousand illegal money exchangers are still operating in Bangladesh.

“We conducted a raid and arrested 14 people. We also seized around Tk 1.99 crore including foreign currencies of 19 countries equivalent to nearly Tk 1.11 crore.”