Dhaka, Aug 20 (V7N) - The central bank of Bangladesh will no longer extend "illegal" liquidity support or other facilities to any bank, including those based on Shariah principles, according to Bangladesh Bank Governor Ahsan H Mansur. Speaking at a press conference held yesterday in the central bank's boardroom, he emphasized that such measures would not be provided moving forward.

Governor Mansur stated, "If depositors choose to withdraw money from a bank associated with S Alam, it is a consequence of their actions. We have no involvement in such decisions, as depositors have the right to determine where they place their money."

When questioned about actions against financial irregularities, the governor clarified, "We will take action against individuals involved in irregularities, but not against the entire organization, as many employment considerations are at stake within these institutions."

He also mentioned that the central bank is considering measures against underperforming banks or possibly dissolving their boards, though he assured that no decisions would be made hastily.

Regarding non-performing loans (NPLs), Mansur expressed the bank's intention to align with international standards, noting that traders have requested additional time for implementation, citing potential impacts on export-import activities. The governor mentioned ongoing discussions with the IMF but affirmed the commitment to adopting global standards.

When asked if the Tk1,000 note would be discontinued, the governor confirmed that no such decision has been made by the Bangladesh Bank.

In response to another query about whether currency notes bearing the image of Bangabandhu Sheikh Mujibur Rahman would be replaced with those featuring the new governor's signature, Mansur explained, "New notes will be printed and signed when it is deemed necessary."

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