8 August 2024

Cash withdrawals restricted to 1L per account for Thursday

By Redoy K

Bangladesh Bank has temporarily limited cash withdrawals to Tk100,000 per account for Thursday, citing security concerns ahead of the interim government’s swearing-in ceremony led by Dr Muhammad Yunus. This measure aims to prevent potential misuse of funds, particularly by Awami League-affiliated individuals, following the fall of Sheikh Hasina’s government. Digital transfers remain unrestricted, and the central bank has halted cash distribution from headquarters to branches, promoting electronic payments instead.