The Bangladesh Bank Governor Fazle Kabir on Saturday identified inflation, forex market volatility and negative trade balance as some of the key economic challenges that have emerged post covid.
Keeping this in view, he urged the banking community to act on the government directives to deal with these issues head on.
The governor also expected the country would successfully cope with the present economic conditions as it tackled the challenges emerging from Covid-19 pandemic.
"We became first (in the region) to cope with the challenges induced by Covid-19, similarly we shall be the same for economic challenges," he further said.
He was speaking as the chief guest of a scholarship distribution ceremony organized by Al-Arafah Islami Bank Limited (AIBL) at the Officer's Club in the city's Baily Road area.
The BB Governor distributed certificates among some of the selected students.
Chairman of the AIBL Board of Directors Alhajj Salim Rahman presided over the ceremony while the AIBL Managing Director and Chief Executive Officer (CEO) Farman R Chowdhury made the opening remarks.
Bankers were also battling against the pandemic as front liners, similar to that of healthcare and law enforcers, helping to keep the economy running, said the governor.
"We shall cut down the import of luxurious consumer items," he said and added that the Bangladesh Bank has already issued circulars fixing margin on letter of credits (LCs).
The central bank is providing dollar support directly to the trade of food, baby food, fertilizer and energy as they made a major impact on inflation, he added.
AIBL Vice Chairman Abu Naser Md Yeahea, Directors Abdus Samad, Abdus Salam, Badiur Rahman, Mahbubul Alam, Abdul Malek Mollah, Enayet Ullah, top officials attended the ceremony, among others.