Appeal to Bangladesh Bank

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The rate of interest on the loan that we took from the Bangladesh Bank refinance scheme before May 2008 was 10 per cent. But from May 2008 the bank reduced the interest rate to 9 per cent and those who took the same loan in May 2008 and afterwards, are paying interest at the reduced rate. Here I would like to mention that the clause No. 4 of the terms and conditions of the loan agreement says that the rate of interest is based on the changes in the prevailing bank rate declared by the Bangladesh Bank from time to time. Some of us have already talked to the officials of DBH, through whom we have got the loan, regarding this matter but they could not give any positive answer.
I would, therefore, request the Governor of Bangladesh Bank to look into the matter and re-fix the interest rate at nine per cent on the loan that your clients took at 10 percent before May 2008. We hope the prudent governor will take necessary steps in ending the discriminatory interest rate in the central bank's refinancing scheme soon.

Badrunnessa Shishir
Mohammadpur, Dhaka
Email: rukan2009@gmail.com