The Bangladesh Bank recently released $72.77 million in export proceeds through two crisis-hit banks—Exim bank and SIBL—allowing nearly 250 garment units to pay wages and allowances to its staff for August and September.
Five troubled banks had been unable to disburse export earnings due to severe liquidity shortage, the Bangladesh Garment Manufacturers and Exporters Association said.The Bangladesh Bank recently released $72.77 million in export proceeds through two crisis-hit banks—Exim bank and SIBL—allowing nearly 250 garment units to pay wages and allowances to its staff for August and September.
Five troubled banks had been unable to disburse export earnings due to severe liquidity shortage, the Bangladesh Garment Manufacturers and Exporters Association said.
