Business Hit

Interim Govt. in Bangladesh

A business hit by drought of cash supply. When former Prime Minister Sheikh Hasina resigned on 6 July 2024 then all the financial a lot more information figure out. Step by step many weaknesses, social meantime 15 years ruled  Bangladesh. But said a lot more development happen. On the other side per capita income, GDP, money inflation, foreign currency reserve said Bangladesh Bank deputy director official, and export and import data were not fair at all.

Businesses in Bangladesh especially those that mostly deal with cash transactions, are contending with a liquidity crunch

as the country's central bank has placed a limit on daily cash withdrawals from banks.

On Saturday [ 10 Aug 2024], banks were told to disallow daily cash withdrawals of more than Taka 2 Lak per account. The banking regular had limited daily cash withdrawals to Taka 1 lac per account from last Thursday before deciding to raise the ceiling.

The central Bank took the decision due to security concerns as police are yet to return to work fully after attacks on around 450 police stations following the uprising that led to the fall of the former PM. However, many customers were not even given the stipulated amount because of a cash crisis cannot be regularly transported to ATMs and branches amid the lack of security. 

Unrest in the Banking sector raises concerns. Furthermore, the issue was created mainly by bank owners and management officials who were deprived of directorship positions in the past. 

Bangladesh Bank needs to take swift action to ensure that no official can run away with funds at the last moment.

Watch Now   [Prime Minister Sheikh Hasina ]

Have a   look [ Protesters ]

video Watch [Frustration in People of Bangladesh ]

Change Bangladesh [ July -2024 crisis]

Almost trend [ Trend to almost shut down]

Finally, the former PM resigned as President on 6 July 2024. Immediately fly to India by helicopter.