BB will not print any fresh money to solve financial crisis: Governor

BB will not print any fresh money to solve financial crisis: Governor

The central bank will not print any fresh money to lend to the government for solving financial crisis, Bangladesh Bank (BB) Governor Ahsan H Mansur said today (24 September).
"Moreover, we will no longer sell dollars from the country foreign exchange reserves to address the problems in the financial sector. Inflation will decline if the efforts taken to resolve the issues in the financial sector bring positive results," the governor said at a roundtable titled "Where do we want to see the banking sector?" organised by the Bangla daily Prothom Alo at its office in Dhaka.
Mansur said the strict monetary policy implemented to curb inflation may cause temporary difficulties for businesses but it will ultimately benefit the economy.