M.S. ZAMAN

President of the Money Changers’ Association of Bangladesh (MCAB)

Distinguished Members of the Money Changers’ Association of Bangladesh, Respected Guests, and Esteemed Colleagues, I am deeply honored to stand before you today as the President of the Money Changers’ Association of Bangladesh. It is a privilege to lead such a vital organization at a time when our industry is both evolving and facing unprecedented challenges.
As we gather here today, I want to acknowledge the significant role each of you plays in the financial ecosystem of our nation. The money changing industry is a critical component of Bangladesh’s economy. We serve as the bridge between international travelers and the local economy, and we facilitate the smooth exchange of currencies, which in turn supports tourism, trade, and investment.
“Reflecting on Our Journey” Our association has come a long way since its inception. Over the years, we have built a reputation for trustworthiness and reliability. However, with the rapidly changing global financial landscape, we are faced with new challenges that require us to adapt and innovate.

One of the most pressing challenges is the increasing digitization of financial services. While this presents significant opportunities for growth and efficiency, it also requires us to ensure that we are well-equipped to operate in this new environment. It is essential that we embrace digital transformation, enhance our technological capabilities, and provide our members with the tools they need to thrive in this digital age.

Commitment to Ethical Practices in the midst of these changes, we must remain steadfast in our commitment to ethical practices. Our industry operates on trust, and it is our duty to uphold the highest standards of integrity. This includes compliance with all regulatory requirements, transparency in our operations, and a zero-tolerance policy towards any activities that could harm the reputation of our industry. I urge all members to continue prioritizing customer satisfaction and maintaining the highest levels of professionalism. We must work together to ensure that the Money Changers’ Association of Bangladesh remains a symbol of reliability and excellence.

“Looking Ahead” as we look to the future, we must also consider the role our association can play in advocating for favorable policies that support our industry. We will continue to engage with the government, the central bank, and other stakeholders to ensure that our members’ voices are heard, and our concerns are addressed. I am also committed to strengthening the ties within our community. By fostering collaboration and sharing best practices, we can ensure that every member of our association benefits from the collective knowledge and experience of our group.

In closing, I want to express my gratitude to each of you for your dedication and hard work. The strength of our association lies in the commitment of its members, and I am confident that, together, we can navigate the challenges ahead and seize the opportunities that come our way. Let us move forward with determination and unity, always striving to elevate our industry and contribute to the continued growth and prosperity of Bangladesh.