As the economy has started to flourish after the second shutdown, excess liquidity in Bangladesh’s banking sector fell in July 2021.
As of July, the excess liquidity stood at Tk 2,03,000 crore, down from Tk 2,31,462 crore a month ago. The surplus fund rose 44.24 per cent in July compared to the same month a year ago when the amount stood at Tk 1,40,730 crore.
According to Bangladesh Bank, import payment stood at $4.76 billion in July of the current fiscal year, up by 21.63 per cent year-on-year.
Remittance inflow also dove by nearly 28 per cent to $1.87 billion in July, the first month of the current fiscal year, from $2.60 billion in the same month of the previous fiscal, BB data show.
BB has mopped up Tk 19,645.5 crore till August through the Bangladesh Bank bill auctions to reduce excess liquidity.
Source: Business Post
