Business Report :
The interim government has decided to form a commission to bring sustainable reforms to the banking sector of the country. Besides, the government will formulate an action plan on the overall situation and reforms needed for the financial sector and publish it within 100 days of the formation of the interim government, reads a statement issued by the chief adviser’s press wing today (18 August).
The decisions were taken in a meeting of interim government Chief Adviser Dr Muhammad Yunus and Bangladesh Bank Governor Ahsan H Mansoor.
In the meeting, it was decided to increase the existing band for inter-bank foreign exchange transactions from 1% to 2.5%, as an initiative to increase liquidity in the foreign exchange market.
At the same time, the office of the chief adviser urged everyone to be patient to get the benefits of the measures taken to bring down inflation.
Since 2014, economists and researchers have demanded the formation of a bank commission to determine the overall situation of the banking sector as well as find the irregularities of the sector and bring sustainable development.
Following the demands, former finance minister Abul Mal Abdul Muhit had announced the formation of a bank commission.
Later, during the presentation of Awami League’s first budget after the formation of government following the 2018 elections, the then prime minister Sheikh Hasina announced the formation of a bank commission in the national parliament but did not do so.