The central bank has extended the deadline for export and return of import goods from four months to six months. In another circular, the central bank has asked scheduled banks not to classify borrowers’ loans till June this year, even if they do not repay the loan installments. The policy facility of the central bank came at a time when the world’s major economies have been floating bailout packages to absorb the financial shocks created by the epidemic. As a result, the existing trade and businesses along with the job creation may be hampered, prompting the central bank to issue the stimulus, it said. In any MFS transaction, anyone will be allowed to cash out up to Tk1,000 without any charge in a day.

Source: Dhaka Tribune March 19, 2020 15:33 UTC