The Association of Bankers Bangladesh (ABB) on Sunday categorically condemned what it considered lack of Taka in the local banking sector and about customers facing difficulty withdrawing cash from banks.
These unfounded comments appear to be particularly targeted at the Bangladeshi expatriate diaspora to discourage them from remitting their savings to Bangladesh through legal banking channels, it claimed in a press release issued on the day.
"We would like to draw the attention of our respected customers to the recent Bangladesh Bank communication, confirming that the banking sector has Tk160,000 crore of liquidity," it said in the release, that was signed by the chairman of ABB Selim RF Hussain.
The Bangladesh Bank has made it clear that banks have sufficient liquidity to support the needs of their different customer segments, it also said.
It is unfortunate that fake news about a liquidity crunch is being spread at a time when the central bank and the banking sector are working to stabilize the economy and revitalize economic growth, said Hussain, also managing director and CEO of Brac Bank Ltd.
"We encourage our respected account holders and the general public to avoid being misled by such fake news and continue to show faith in scheduled banks," he requested.
"Let us not forget that the banking sector has contributed strongly to the economic development of our country over the last 50 years. We are confident that contribution, under the guidance and supervision of the Bangladesh Bank, will continue in the future," he added.