Bangladesh Bank (BB) announced on Thursday that it has printed Tk22,500 crore in new notes to provide financial assistance to six ailing banks and safeguard their depositors. 

However, this move temporarily reverses its earlier commitment to avoid such measures.

Governor Ahsan H Mansur disclosed the decision at a press conference.

He said it aims to address a liquidity crisis in the banking sector. To mitigate potential inflationary effects, the central bank plans to gradually recover the funds through bond issuance, he added.

On 20 August, Governor Mansur stated that the practice would be abandoned to protect the broader economy.

In response to a query, he said that the subordinate committees of weak banks were dissolved and the banks were brought under accountability.

BDST: 1907 HRS, NOV 28, 2024
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