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Regulatory moves target private sector, not public sector

Bangladesh Bank has recently taken some serious decisions, the speed and approach of which seem unusual.  

Such hard decisions are supposed to come after intense negotiations among the top business organisations, the industries, commerce and finance ministries, and the Bangladesh Bank. It’s surprising that decisions are suddenly made without involving the stakeholders in the negotiations.

Apparently, the BB has taken major decisions to discourage imports except for food, fuel, and raw materials, the impact of which is far-reaching. If the necessary import economy too is discouraged in this way, the dollar will be saved for sure. But will export be saved too?

Our exports depend on imports! And how to save the employment and the economy as a whole?

Some of the decisions taken together to solve the dollar crisis are: a reduction in banks’ dollar holding…

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