Many markets are fluctuating through today’s current wants and needs in the world. One market that has grown is the tea market. But, even through it’s growth, this market is facing many problems.
globalEDGE Blog - By Tag: sri-lanka
Atiur Rahman, the governor of Bangladesh’s central bank, stepped down Tuesday after over $100 million was stolen from the bank’s account at the New York Fed last month. Approximately 80% of the stolen amount was transferred to personal accounts in the Philippines, while the rest made its way to a bank in Sri Lanka. Official codes were used to facilitate the theft, and a representative from Bangladesh’s ministry of finance confirmed that the currently unknown criminals had the necessary codes to authorize the transfers. The American Fed has been accused of irregular activity, while questions were raised about the quality of security on the Asian country’s end.