Dhaka, Bangladesh (BBN) - The central bank of Bangladesh sold US$ 8.0 million to state-owned Janata Bank Limited directly on Monday for settlement of import bills, particularly for those on account of fuel oil.
“We’ve sold the foreign currency to the state-owned commercial bank to adjust their overdraft (OD) liabilities, which was created earlier for settlement of petroleum product import bills" a senior official of the Bangladesh Bank (BB) told BBN without elaborating.
The central bank has so far pumped in $713 million directly to the commercial banks to meet their increasing demand for the greenback in the current fiscal year.
BBN/SSR/AD-06Feb12-8:48 am (BST)
