The Chairman of the Association of Bankers, Bangladesh Limited (ABB), Selim RF Hussain, announced that the country’s foreign currency crisis has improved compared to the previous year, although it is not completely back to normal. Speaking at a press conference discussing the “Bangladesh Banking Sector Outlook 2023,” Hussain mentioned that most banks have resumed regular foreign payments, with only a few still facing challenges. He also highlighted that foreign correspondents who had previously withdrawn their limits are now returning, indicating their satisfaction with the country’s current state. Mashrur Arefin, the Vice Chairman of ABB, added that the banking sector has achieved stability, with the net opening position of dollar holdings turning positive due to increased remittance inflow and deposits. Arefin also credited the intervention of the Bangladesh Bank for helping stabilize the market.
Foreign Currency Crisis Eases in Banking Sector
Industry: Bank, Financial
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