Bangladesh Faces Business Liquidity Crisis Amid Central Bank Withdrawal Cap

Monday, 12 August 2024, 00:19

The financial landscape in Bangladesh is being significantly affected by a severe liquidity crunch, resulting from a recent cap imposed by the central bank on cash withdrawals. Businesses can only withdraw a maximum of Tk 2 lakh, which has triggered widespread concern among entrepreneurs. This measure comes in the wake of political uncertainty in the nation. As a conclusion, the cap has raised alarm bells regarding its potential long-term impacts on the economy and business operations.
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Bangladesh Faces Business Liquidity Crisis Amid Central Bank Withdrawal Cap

Bangladesh's Businesses Face Cash Withdrawal Challenges

The implementation of a cash withdrawal cap by the central bank of Bangladesh has led to a liquidity crisis severely impacting local businesses.

Key Points of the Situation

  • Businesses can only withdraw up to Tk 2 lakh from banks.
  • The cap has been introduced amidst rising political uncertainty.
  • Entrepreneurs are worried about long-term economic implications.

Conclusion

This withdrawal limitation raises significant concerns about its effect on business operations and overall economic stability in Bangladesh.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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