Stop selling dollars from the reserve!

After two and a half months, Bangladesh's foreign exchange reserves fell below 20 billion or 2 billion dollars. Bangladesh Bank has given this information on September 12. And various discussions and criticisms are going on about this.

Meanwhile, the sale of dollars from the reserve has been stopped, said Bangladesh Bank Governor Ahsan H. Mansoor, an eminent economist. He said this in an interview given to a media about various crises and prospects and reform initiatives of the banking sector.

Governor Ahsan H Mansoor said in the interview about increasing the reserve, several initiatives have been taken to increase the reserve. One of them is that we have stopped selling dollars from reserves. On the other hand, remittance flows are increasing. The dollar market is stable. Apart from this, the International Monetary Fund and other donor groups have also assured to receive reserve assistance. As a result, the reserve will not decrease anymore. will gradually increase.

Highlighting various initiatives to reform the banking sector, the governor said that the board of 11 banks has been reconstituted so far. Through this, the banking sector has been freed from the control of a single group. A task force has been formed. The actual loss amount will be ascertained by this task force through verification in each bank. Actions will then be taken on how to mitigate this loss and recover assets.

Highlighting various initiatives to reform the banking sector, the governor said that the board of 11 banks has been reconstituted so far. Through this, the banking sector has been freed from the control of a single group. A task force has been formed. The actual loss amount will be ascertained by this task force through verification in each bank. Actions will then be taken on how to mitigate this loss and recover assets.