Bangladesh's central bank dismisses liquidity crisis rumour

0 Comment(s)Print E-mail Xinhua, November 14, 2022
Adjust font size:

DHAKA, Nov. 14 (Xinhua) -- The central bank of Bangladesh has brushed aside "conspiratorial" social media posts inducing people to draw their deposits from banks.

The Bangladesh Bank (BB) said there is no liquidity crisis in banks and deposits are completely safe.

BB spokeswoman Sayeda Khanam said in a statement on Sunday that "conspiratorial information was being disseminated on various social media provoking people to withdraw their deposits from banks."

She said the banking system of Bangladesh is in a strong position.

"There is no liquidity crisis in the banking system," she noted in the statement.

"No bank in the country was shut in 51 years since Bangladesh's independence. Hopefully, no bank in Bangladesh will be closed down in the coming days. People's deposits in banks are completely safe," said the BB spokeswoman.

Amid efforts to bolster its foreign exchange reserves, which stood at 34.3 billion U.S. dollars last week, Bangladesh is seeking 2 billion dollars from the World Bank and the Asian Development Bank (ADB).

Last Wednesday, the International Monetary Fund (IMF) confirmed that it had reached a staff-level agreement with Bangladesh that paves the way for the release of the much-awaited 4.5 billion dollars in loan support. Enditem

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from