Businesses in Bangladesh, especially those that mostly deal with cash transactions, yesterday said they are contending with a liquidity crunch as the country’s central bank has placed a limit on daily cash withdrawals from banks.
The Bangladesh Bank yesterday ordered commercial banks not to allow cash withdrawal of more than Tk 2 lakh per customer this week because of a lack of security, a senior official of the central bank said.
The central bank also instructed banks to monitor transactions through cheques and stop any suspicious transactions.
Businesses in Bangladesh, especially those that mostly deal with cash transactions, yesterday said they are contending with a liquidity crunch as the country’s central bank has placed a limit on daily cash withdrawals from banks.
The Bangladesh Bank yesterday ordered commercial banks not to allow cash withdrawal of more than Tk 2 lakh per customer this week because of a lack of security, a senior official of the central bank said.
The central bank also instructed banks to monitor transactions through cheques and stop any suspicious transactions.
