BNP senior leader Nazrul Islam Khan voiced profound concerns over dwindling foreign currency reserves, stating that the nation is grappling with a severe crisis exacerbated by the misdeeds of the government, reports UNB.
"Our reserves are declining without any sign of an increase. Attempts are being made to boost them by taking loans... they're hoping that the reserves will increase somewhat after receiving the next installment from the IMF," he said.
Speaking at a discussion meeting, the BNP leader questioned the government's strategy of borrowing money from foreign lenders to increase reserves and expressed worries about the declining remittances and export earnings. "In such a situation, where is the scope to increase reserves?"
Citing a report from the Reserve Bank of India, Nazrul said the remittance volume sent by the Indian workers from Bangladesh alone exceeds the total amount sent by Bangladeshi expatriates from many countries.
"We need to consider whether there is any way to halt the outflow of such a significant amount of foreign currency. Again, we are losing much more money than earning by sending two lakh workers abroad due to the outflow of foreign currencies. Is there any effort to prevent this?" he said.
BNP's Nazrul raises alarm over dwindling reserves
FE Team | Published: May 15, 2024 23:26:51
BNP's Nazrul raises alarm over dwindling reserves
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