Why is Dollar increasingly smuggled into Burma?
Teknaf, 5 September 03: The smuggling of dollar has gone up
since the imposition of US sanctions on Burma,
according to sources in the Burma Bangladesh
border. Recently in an emergency meeting of the National Smuggling
Prevention Committee under the Ministry of Home Affairs of Bangladesh a
decision was taken to curb the illegal money laundering and transfer business
and smuggling rampant on the Bangladesh Burma
border, reported the Ajker Desh
Bidesh, a Bengali daily published from the
southeastern Bangladeshi town of Cox’s
Bazar on 27 August.
A list of smugglers and illegal money traders has been compiled to this effect
under the supervision of the Ministry. There are reports of a number of
international syndicates engaged in the illegal trade of smuggling US dollar
The dollar is being smuggled regularly from the chief seaport of the country in
Chittagong to the western Burmese
via Ukhia and Teknaf in Cox’s Bazaar district. Though the exact figure of
the smuggled dollar in not available, a rough estimate would be between
one-third to a half-million dollar a week, which is being conducted by managing
the border guards and administrations on both sides of the border.
The paper also mentioned that there are eight dollar traffickers in Teknaf
municipality, 3 in Sabrang, 4 in Shah-pari Island,
13 in Hnila Bazaar and 5 in Ukhia under Cox’s Bazaar
district. They are alleged to have maintained a strong international
syndicate of dollar traffickers.
From another source it has been known that there is a famine going on in the
western part of Rakhine State of Burma, especially in Buthidaung and Maungdaw
Townships, which sent the price of a 50 kg bag of rice to 12,000 kyat from the
previous price of kyat 8,000 just a month ago in Sittwe, the state capital. Besides rice has also vanished from the open market from last
month. Meanwhile many of the traders are offering advance money in
dollars for hording rice. This has created a famine like situation,
especially in the border areas.#