Dhaka March 20, 2026, 12:30 am
Amid this uncertain situation, business people will not go for fresh investment or expansion and the private sector credit growth will continue to decline in the coming months
Demand for cash may increase if the shutdown enforced to contain the spread of coronavirus is extended
Banks can remit to the designated accounts abroad by way of bank transfer or make fund available to them through exchange houses by credit in the concerned Taka accounts maintaining under drawing arrangements
“It is not possible for a country to face the crisis alone. We are now worried that coronavirus might have a multifaceted impact on our economy. Under this situation, we need greater support,” Kamal said
Long queues of customers were seen in front of ATM booths in capitals’ Matijheel along with Baridhara, Kamlapur and other places
fund is likely to be used for setting up more institutions like Institute of Epidemiology Disease Control and Research (IEDCR) as well as for upgrading laboratories and testing facilities of some government hospitals for taki
Repo rate has been reduced to 5.75 percent and cash reserve ratio (CRR) to 5 percent a year to help banks face any unexpected cash crisis in the near future
The New York court found that the reserve heist, payment orders, transfer of money to various accounts and remitting the money to other countries had occurred in New York
It has now been decided that Authorised Dealers may effect, advance payment of $500,000 for import of coronavirus related medical items
BB filed a lawsuit in the US District Court in Manhattan earlier last year
Covid-19-induced disruption in the global supply chain, is likely to dampen the growth prospect during fiscal year 2019-20
The central bank will directly purchase treasury bonds and bills at market price from commercial banks
The project will treat sewage and septage, which will help reduce inland flooding and water pollution
The World Health Organisation (WHO) has already announced Bangladesh as one of the most vulnerable nations in terms of spreading the deadly virus among people
Under the relaxations, the banks have been instructed not to adversely classify any loans till June 30 from the states of January 01, 2020
BB preparing indicators for assessment
The decision came at a meeting of the chairmen and managing directors of all the banks - both public and private ones-with Finance Minister AHM Mustafa Kamal at the NEC auditorium in the capital on Monday
A special policy to allow each bank to build a Tk200 crore fund for capital market investment beyond their regular exposure limit was formed as per the directives of the prime minister
Annual report sidesteps virus impact
The support will target companies in the supply chain that are critical to fighting the virus
