BB asks financial institutions to hold hybrid meetings to cut costs

Bangladesh Bank (BB) today asked financial institutions to hold hybrid meetings connecting attendees either virtually or in person as convenient to reduce operating costs. 

The move will also help ensure efficient use of power and fuel, as per a BB 
release issued here today.

The BB came up with the move as a part of the government's austerity measures 
aimed at cutting down costs in different development projects and government 
spending.

The country is still struggling to meet its energy demand amid the ongoing 
Russia-Ukraine War while its foreign currency reserve has been depleting.