Bangladesh Bank鈥檚 newly appointed governor, Ahsan H Mansur, on Wednesday vowed to make money launderers suffer and said that combined efforts were needed to recover laundered money.
Identifying inflation as a key challenge, Mansur assured that steps would be taken to reduce it.
The overall inflation jumped to 11.66 per cent amid the food price spiral in July.
At a press briefing at the central bank鈥檚 head office in the capital Dhaka following his joining, Mansur highlighted the importance of leveraging international support and adhering to domestic legal processes to put pressure on those who were involved in money laundering.
He observed that the international laws are somewhat favourable and will be utilised to make life difficult for the launderers.
Mansur acknowledged that the Bangladesh Bank shares responsibility for the current poor state of the country鈥� banking sector.
He said that while most banks were in good condition, some were struggling and needed special attention, which would require government liquidity support.
The decision on whether this capital will come from the government or the private sector remains a crucial question, he said.
He also emphasised the need for scrutinising why the central bank facilitated irregularities, mentioning that the banking sector鈥檚 deterioration was part of a broader national decline.
The role of the Bangladesh Bank in these irregularities will be thoroughly examined, with no room for hiding reports or manipulating data, he said.
Mansur said that the defaulted loans of many banks were significantly higher than reported, stating that these figures could no longer be concealed.
He also vowed to end the practice of altering inspection reports before they reach senior officials.
Mansur was appointed governor to the Bangladesh Bank on Tuesday following the resignation of his predecessor, Abdur Rouf Talukder, after the fall of the Awami League-led government.
Awami League president Sheikh Hasina resigned as prime minister and fled to India on August 5 amid a mass uprising led by students.