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the country as well as will monitor the banking share in the capital
market, governor Atiur Rahman has said. He also said the central bank
has decided to find out way to ensure proper utilisation of the foreign
currency reserve, which crossed $8 billion. 'In case of utilisation of
the foreign currency, the central bank will consider to deposit the
capital in the offshore bank branches with low interest rate,' the
governor told reporters at a news conference at his office on Sunday on the
occasion of his 100-day tenure in the bank. Atiur also said the
country's big investors would take fund from the country's foreign
exchange reserve instead of foreign agencies. Besides, the central bank
would invest in the government investment plan along with government
venture programme. Regarding question of separation of the merchant
banks from the commercial bank, he said the commercial bank would not be
negatively affected when prices of shares in the capital declining. 'I
had not commented about the status of the country's shares but the central
bank has always ensured financial stability of the commerce banks.' The
governor also said that the central bank had ensured providing account
reports within three days from earlier one month. He further said the
central bank had almost completed automation of the central bank clearing
house, which would be online by November. Regarding five years strategy
plan Atiur said the central bank had already prepared the five- year
strategy that would be implemented within short time. The country's
sharecroppers will first time take loan from the commercial bank as the
central bank has already created Tk 500-crore revolving fund, he added.
The governor also said the central bank had already formulated the
policy for giving loan to the sharecroppers. 'The amount of the default
loans would not be possible to reduce if the government does not address
the sick industries' as loan defaulters.' The finance ministry and the
central bank are now working to formulate the policy for devising a way
out for the loan defaulters of the sick industry.
