Amidst the dollar crisis which has given rise to a host of issues related to letter of credit (LC) openings, Bangladesh’s central bank-Bangladesh Bank (BB) will establish a crisis management cell to better handle the existing situation.
This has been underlined by Commerce Minister Tipu Munshi, as per reports.
Addressing a meeting of the trade support advisory committee, the Commerce Minister reportedly stated this while also adding that a coordination committee will be formed consisting of prominent members of the business community.
The participants in the meeting consisted of trade bodies’ leaders and officials of the Bangladesh Bank.