Steps taken against remittance inflow thru non-banking channels: BB
UNB
DCCI for creating bond in capital market for large project financing Bangladesh Bank governor Fazle Kabir has said remittance inflow through proper banking channel has increased as the central bank has taken initiatives to discourage it through non-banking channels, reports UNB.
The central bank chief made the remark when the Board of Directors of Dhaka Chamber of Commerce and Industry (DCCI) led by its President Abul Kasem Khan met him at his office yesterday.
He echoed the proposal of the DCCI President and said that for long-term financing for large mega infrastructure projects, they should have bond system in capital market as the banks are not financing for long tenure.
The governor said they need to create profitable large projects and if that could be done then financing will not be a problem.
He informed that the existing liquidity crisis is a very temporary matter and very soon there will be no liquidity crisis in the money market. He requested the businessmen of Bangladesh to invest their money in Bangladesh to create more jobs.
