For six financially troubled banks, the central bank printed Tk 22,500 crore. Tk 22,500 crore has been freshly printed and sent to six troubled banks, according to Central Bank Governor Ahsan H. Mansur. At a press conference on Thursday at Bangladesh Bank, he disclosed this information.
For six financially troubled banks…. Customers would start getting money from these institutions on Sunday, the governor said. He cautioned clients, nevertheless, not to take out large sums of cash unless absolutely required.
“We are giving the struggling banks liquidity support,” the governor said. The purpose of this action is to protect depositors. Tk 22,500 crore has now been made available in total.
On August 13, Ahsan H. Mansur was named Governor of Bangladesh Bank following the overthrow of the Awami League administration as a result of a large-scale agitation spearheaded by student organizations. He had declared that no new currency would be produced to help failing banks’ liquidity as soon as he took government.
The central bank wants to eradicate instability in the banking industry, said Bangladesh Bank Governor Ahsan H. Mansur during the news conference. The banks would receive liquidity support, so depositors don’t need to be concerned about their savings, which is an issue for Bangladesh Bank.
Ahsan H. Mansur went on to say that the banking industry’s precarious status was already there and is not getting worse. The condition is currently being improved.
“We will gradually remove old money from circulation while simultaneously providing liquidity,” the governor stated. This could contribute to a decrease in the nation’s inflation rate.
For six financially troubled banks
