Price hike, forex reserves: Finance Minister sits with NBR, BB officials

Finance Minister AHM Mustafa Kamal today (May 22, 2022) sat with the top bosses of National Board of Revenue (NBR) and Bangladesh Bank to discuss measures to contain the prices of essentials commodities and stabilize the forex markets, said officials.

The decision could not be known immediately but Bangladesh Bank imposed restrictions on foreign travels of bankers after the meeting, according to an official of central bank.

The high-level meeting took place couple of days after the prime minister asked the ministries of commerce and finance and Bangladesh Bank to find ways to deal with the economic pressure caused by the Russia-Ukraine war and Covid-19 pandemic.

Abdur Rouf Talukder, senior secretary of the finance ministry, and Sheikh Mohammad Salim Ullah, secretary of the Financial Institutions Division (FID), were also present at the meeting.