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BB to allow clients to settle interbank cross cheques during closure

News Desk: The central bank yesterday said clients will be permitted to settle their interbank cross cheques to enable the government and businesses to provide emergency support to people during the ongoing countrywide closure.

The Bangladesh Bank (BB) had earlier said that the Bangladesh Automated Clearing House, a platform that is used to clear interbank cheques, would be closed during the 10-day general holidays announced by the government.

But the central bank yesterday revised its decision and instructed banks to take required measures to settle the interbank cross cheque, a BB official said.

Underprivileged people will get their allowances under the social safety net programmes of the government due to the central bank’s initiative.

The initiative will help businesses in buying and selling essential commodities, emergency medicines and provide other services, which will ultimately help supply of commodities from one place to another in the country, the official added.

Source: https://www.thedailystar.net/

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