Bangladesh Bank Governor Ahsan H Mansur emphasized that reconstituting the boards of troubled banks is crucial for improving governance and discipline. Recently, the central bank revamped boards of several banks, including those where S Alam Group held a significant stake, and plans to replace S Alam’s shares to recover depositors’ funds. The governor also mentioned ongoing efforts to recover laundered money and secure additional funding from international bodies like the IMF, World Bank, and ADB to bolster forex reserves. He noted that bank interest rates have become market-driven, contributing to greater stability in the forex market. Additionally, remittance inflows have shown improvement.
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