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Federation of Bangladesh Chamber of Commerce and Industries (FBCCI) president Mahbubul Alam said that the dollar price has suddenly increased by 7 taka. There is a problem with the dollar, the crisis is still there. We told the governor that the dollar rate should remain at 117 rupees. He said we will have one rupee more or less. The governor also said that the bank loan interest will not be more than 14 percent.
He said these things to the journalists after the discussion with the Governor of Bangladesh Bank on the economy of the country on Thursday (May 16) afternoon. Former president of FBCCI Jasim Uddin, president of BGMEA SM Mannan Kochi, president of BTMA Mohammad Ali Khokon, president of BKMEA Mohammad Hatim and leaders of various business organizations were present at this time.
The president of FBCCI said that traders are suffering due to repeated policy changes. Less than a week after leaving bank loan interest rates to the market, Bangladesh Bank hinted at indirect intervention. The governor told FBCCI that the interest rate will not exceed 14 percent.
Mohammad Hatem, President of BKMEA, said, “We are unable to open LCs because of the high price of the dollar.” The Export Development Fund (EDF) has been reduced to Rs 3 billion. While there is no EDF fund, there are several funds, which are said to benefit from it.
He said that due to the increase in the dollar, some customers have borrowed more than the prescribed limit. Special benefits will be given to that customer. This will not be considered as a violation of his debt limit law. The governor has assured to provide bank and customer-based special facilities to resolve the matter.
