People urged not to withdraw unnecessary money

Bangladesh Bank (BB) has urged the people to remain calm, saying all money deposited in banks is guaranteed and there is no reason to be panicked or to go for unnecessary withdrawals.

Husneara Shikha, executive director and spokesperson of the central bank, made the call at a press briefing at BB headquarters in the city on Wednesday.

The also encouraged depositors to withdraw funds gradually according to their needs, rather than reacting to unfounded fears.

“While a few bank branches have faced difficulties meeting unusual cash demands, the overall banking sector remains stable,” she said.

She said the central bank facilitated a liquidity infusion of Tk 5,585 crore through a mechanism in which 10 financially robust banks lent funds to seven weaker banks under a guarantee from the central bank.

She noted that banks, including those with strong financial standings, cannot immediately return large sums of deposit money, as much of these funds are tied up in term loans and investments.