Clicky
National, Front Page

Banks scotch rumours

People’s money protected


Published : 20 Nov 2022 10:24 PM

The Association of Bankers Bangladesh (ABB) has reassured all account holders amid the rumors spread on social media about the security of the bank's accumulated deposits. 

They mentioned people's money were protected fully as Banks have enjoyed a hefty amount of excess liquidity.

A press release of ABB on Sunday said, “We would like to say on behalf of ABB that these so-called rumours have no basis and are untrue. Currently there is enough money in the banks. We want to reassure customers that their money is completely safe in the banks. There is no reason to worry about. We would request customers not to believe in rumours.”

There are rumors on various social media that there is no money in the banks. Bangladesh is going to become Sri Lanka. 

So account holders are withdrawing money from the banks. Even because there is a rush to withdraw money from the banks, misleading information is being spread on social media.

According to the information of law enforcement agencies, several people are involved in this propaganda in different countries including France, United States, United Kingdom. 

They are publishing all the imaginary information about the economy through various media including Facebook, YouTube. Many people in the country are putting fire to that rumour.ABB Chairman Selim RF Hussain said, “We have been noticing a lot of rumors about liquidity in the country's banks recently especially on social media.”

“It is said that we do not have enough liquidity. Rumors are spreading that customers are facing problems in withdrawing cash. By citing social media, these negative news are spreading confusion in the country and abroad. This rumor is being spread especially among our expatriates abroad, so that they are discouraged from sending remittances through legal channels. These are very sad. These rumor mongers are harming our customers, society and country,” he mentioned.

Amid-st these rumors affecting the customers in a big way, the central bank also recently issued a notification to assure the customers that their money is safe. 

They said, now there is no shortage of liquidity in the bank, on the contrary, there is excess liquidity.

ABB's circular also mentions the central bank's statement. There is currently no shortage of liquidity in the banks. In addition, there is excess liquidity of more than Tk 1.60 lakh crore.