Businesses hit hard as dollar crisis persists- The New Age

Commercial banks continue to face difficulties meeting import payment obligations as the country’s dollar crisis has been persisting for more than a year.
The continuing dollar crisis, worsened by poor remittance and export earnings, has led to a recent fall in the foreign currency stocks held by commercial banks, bankers said………….

Mohammad Ali Khokon, president, Bangladesh Textile Mills Association, said that the dollar crisis continued affecting their businesses, reducing their production significantly.
Businesspeople, he said, have been facing limitations in opening letters of credit freely due to the sustained shortage of dollars on the market. Read More…