Dr. Ahsan H. Mansur, governor of Bangladesh Bank (BB), announced on Thursday that the central bank had given Tk 225 billion in liquidity support to a number of banks that were affected by the crisis.
In order to alleviate the short-term cash shortages in banks and allow customers to withdraw the necessary sums, we are offering liquidity support. We temporarily poured funds into weak banks, and we have a plan to make up the difference by taking the extra money out of the banking industry and using it to buy Bangladesh Bank bills,” he stated.
This was said by the governor during a press conference held at the city’s BB headquarters.
According to Mansur, the banking authority is now providing liquidity support to those institutions so that depositors can receive their money back.
However, Ahsan H. Mansur asserted that all bank deposits are completely secure and that there is no cause for alarm or needless withdrawals.
“Bank deposits made by depositors are secure. You can keep your money in whichever bank you choose; there won’t be any issues and it will be safe. Take out as much cash as you require. The depositors’ money is not having any issues. Our headache is this,” he continued.
According to Mansur, the central bank would continue to pursue a strict monetary policy approach.
“We won’t cause market instability. The additional liquidity introduced into the market would be managed through various types of bonds to prevent inflationary pressures,” he added.
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