Reserve crisis won’t be resolved overnight: Governor

Newly-appointed governor of Bangladesh Bank Dr Ahsan H Mansur has said reserve crisis won’t be resolved overnight.  

“The reserve crisis will not go away overnight. However, the supply of dollars in the market will not be reduced to unreasonable levels. Discussions will be held with development partners to increase reserve”, he said.

Adviser to the Ministries of Finance and Planning Dr Salehuddin Ahmed held a meeting at the Finance Division Conference Room at Bangladesh Secretariat on Wednesday.

Newly-appointed Bangladesh Bank Governor Dr Ahsan H. Mansur and secretaries concerned attended the meeting.

Finance Adviser Dr Salehuddin Ahmed said the general inflation would come down at a rational time following the steps being taken by the government prioritizing on the production and supply chain.

Dr Salehuddin said they have discussed in the meeting about the overall production and supply chain situation of the agricultural produces alongside fisheries and livestock to address the existing challenges surrounding these sectors and thus taking prompt steps to rein in inflation.

He informed that the officials concerned have been asked to take immediate steps to have an impact on inflation and also to reduce the sufferings of common people.