Decision to form 'Banking Commission' to reform the banking sector

Chief adviser on the overall economic situation of the country on Sunday. Bangladesh Bank Governor Ahsan H Mansoor held a meeting with Muhammad Yunus. The current situation of the banking sector was discussed in detail in the meeting. It was also decided to form a banking commission for sustainable reforms in the banking sector and take action quickly.

According to the press wing of the Chief Adviser, several issues were decided in the meeting. It was also decided to keep the monetary policy in a contractionary mode to bring down the existing inflation in the country through proper management of demand and supply and at the same time improve the supply situation. Besides, in order to increase liquidity in the foreign exchange market, the existing band for inter-bank foreign exchange transactions has been increased from 1 percent to 2.5 percent. As a result, optimism has also been expressed about the return of liquidity to the interbank foreign exchange market soon.

The meeting decided to make a blueprint for the overall situation and reforms of the financial sector. It is expected to be released within 100 days of the formation of the interim government.