Banks, garments to remain closed on August 5

Business Desk :

All scheduled banks in Bangladesh will remain closed on 5 August in observance of “July Uprising Day,” a newly declared public holiday.
Bangladesh Bank issued a circular in this regard recently.
The central bank’s Department of Off-site Supervision issued the circular to ensure compliance with a government notification from the Cabinet Division which designated 5 August as a national holiday, reports UNB
On 5 August 2024, former Prime Minister Sheikh Hasina fled to India following a mass uprising that began in July, leading to the fall of her government.
The central bank has advised all stakeholders to plan their financial transactions accordingly due to the closure.
Likewise, The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has decided to close all garment factories across the country on August 5 in observance of the July Mass Uprising Day.