Six crisis-hit banks get Tk 22,500 crore BB fund
The banks are: FSIBL, SIBL, Exim, National, Union and Global Islami
Bangladesh Bank has extended Tk 22,500 crore as liquidity support to six crisis-hit banks this week, Bangladesh Bank Governor Ahsan H Mansur said.
"We backtracked from our previous decision of not printing money," he said in a press conference at the central bank headquarters in the capital today.
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"We injected money to weak banks by printing money for a short time and a plan is there to adjust the money by withdrawing the excess fund from the banking sector through Bangladesh Bank bills."
The banking regulator is now helping those banks with liquidity support so that the depositors can get their money back, the governor said.
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