No liquidity crisis, depositors’ money fully safe: BB

No liquidity crisis, depositors’ money fully safe: BB

Bangladesh Bank today said there is no liquidity crisis in banks and depositors' money is absolutely safe.

"No bank has been closed down since the independence of the country," said the central bank in an urgent notice posted on its website.

The central bank said conspiratorial information regarding the withdrawal of deposits from banks is being spread in various social media although the banking sector is in a solid position.

"It is to inform all that the banking system in Bangladesh is in a strong position. There is no liquidity crisis in the banking sector," said the central bank.

"No bank was closed in the last 51 years of independence. We hope no banks will be closed down in the future. The people's deposits are safe with banks," it said.