** Their Lordships would not convict him as enemy of the country if anyone had opposed Padma Bridge ** Desperate bid to keep reserve stable ** College teacher Utpal murder: Prime accused held in Gazipur ** WB Board approves $1.03 billion for Bangladesh and Nepal to help improve regional trade ** Inner containment dome installed at Unit-2 of Rooppur N-power plant ** Adity Sarker, a doctor, dies from self-inflicted burn wounds ** College teacher murder: Prime accused’s father arrested from Kushtia ** 135 Indian fishermen detained by Navy ** At least 51 dead in prison riot fire in Colombia, prisons agency says ** River transporters face uncertainty over ‘special’ Eid services ** Siltation of riverbeds and haors is the main cause of floods ** DUTA protests humiliation, killing of teacher ** Ferry services from Mawa terminal to continue: State Minister ** Padma Bridge to transform Bagerhat’s tourism industry ** Truck overturns after crossing Padma Bridge, injuring four people ** College teacher ‘beaten by students with cricket stump’ dies in Savar ** HC says govt must identify those who conspired against Padma Bridge project ** Fire at shoe factory in city under control ** Padma Bridge: Over Tk 2 cr toll collected from vehicles on 1st day ** Aggressive approach to collect more revenue is repressive for people ** Soybean oil price decreased by Tk 6 per liter ** Flood: 2 more deaths pushes up toll to 84 ** Padma Bridge opens to traffic; Hundreds of vehicles seen at Mawa and Jajira ends ** 2 killed in Rajbari road crash ** Global Covid cases near 549 million **

Banking sector facing big challenges: BB governor

29 May 2022
Banking sector facing big challenges: BB governor

Dr Fazle Kabir

News Desk :
Bangladesh Bank (BB) Governor Dr Fazle Kabir on Saturday said the banking sector is currently facing big challenges of inflation and unstable foreign exchange rate in the post-Covid-19 period.
 “A huge trade deficit has been created due to these reasons. To deal with this, not only Bangladesh Bank, but all the government and the private commercial banks have to work collectively,” he said at a ceremony at the Officers’ Club in the city, reports UNB.
“We have imposed a number of restrictions on imports and if we refrain from importing luxury goods at this moment it will reduce the pressure on the forex reserves,” he said.
“In the case of LC opening, we have given some margins to comply with them. We are providing dollars directly from the central bank's reserves to ease the crisis. It will continue. Besides, we have been given the opportunity to import necessary products including food, baby food, fertiliser, fuel and electricity, and other products. We are discouraging the import of products that are not very necessary,” Kabir added.

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