Bangladesh Bank urged not to withdraw from the bank unless necessary

Spokesperson of the central bank, Husne Ara Shikha, said this in a press conference organized at the conference room of Bangladesh Bank on Wednesday.

He said, ‘Some customers are withdrawing deposit money unnecessarily and depositing it in other banks. As a result, some banks are facing problems in paying money. No bank in the world will survive if many customers withdraw money at once.

Husna Ara Shikha said, “There is no unnecessary panic about the banks. The central bank has a good plan to put the banks on a good footing. We appeal to all depositors, do not withdraw more money than required from the bank. We want to restore trust. Work is going on for this. In the banks which have had problems, the board has already been changed. Banks in crisis have been given liquidity assistance of Tk 5,585 crore in the last one and a half months.

In response to the question whether the task force has been formed for the development of the banking sector, they are doing something effective or not, he said, “The task force is working to reform the banking sector.” Another task force is working to enhance the skills of Bangladesh Bank officials. The third is working to bring back the laundered money. The work of appointing lawyers and consultants from different countries is going on to return the smuggled money to the country.

In response to a question related to the irregularities of the chairman of NRBC Bank, Husnay Ara Shikha said, “The complaints against them in Bangladesh Bank are being investigated. We have reconstituted the board of 11 banks. Work is going on with these banks. Our focus now is on Islamic banks. Once these are fixed, other banks will be looked at. After this 11 o’clock maybe work will be started with 4 more banks.

In response to a question about money laundering, the spokesperson said, “The central bank will investigate if the money goes through formal (legitimate) channels.” But it is difficult to investigate when money is laundered through hundi. BFIU is working on this. We take the matter of money laundering very seriously; But it will be through legal process, not coercion. We have a lot of expatriate income coming in. The United States tops the list of expatriate remittances. Not only the remittances that have come from this country, but the investments are also coming.

Husnay Ara Shikha said about inflation control, ‘Inflation came down after the Bangladesh Bank increased the policy interest rate. If it continues for the next six months, inflation is expected to come down to around 6 percent. It has already worked in many countries. As a result, we are also on the same policy. Hopefully, this policy will work in our country too.

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Credit: dainikamadersomoy

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