Liquidity support to six banks, clients to get money from Sunday

The Bangladesh Bank (BB) has extended Taka 22,500 crore as liquidity support to six crisis-hit banks. The money has been printed newly. 

Governor Dr Ahsan H Mansur disclosed this at a press conference at BB headquarters in the city on Thursday. 

The governor said, “Clients will start receiving money from these banks from next Sunday. However, I request clients not to withdraw extra money unnecessarily.”

“We are providing liquidity support to address the temporary cash shortages in banks, enabling clients to withdraw the required funds. We injected money to weak banks for a short time and a plan is there to adjust the money by withdrawing the excess fund from the banking sector through Bangladesh Bank bills,” he said.

“Depositors' money in banks is safe. Whatever bank you keep your money in, it will be safe, there will be no problem. Withdraw as much money as you need. There is no problem with the depositors' money. This is our headache,” he added. 

Mansur informed that the central bank will maintain a tight monetary policy stance like before. 

“We will not destabilize the market. The additional liquidity introduced into the market will be managed through various types of bonds to prevent inflationary pressures,” he added.