Former Bangladesh Bank Governor Mohammad Farashuddin warned on Tuesday that indiscriminate freezing of bank accounts undermines public confidence in the banking system. He recommended expanding deposit insurance coverage to 10 lakh taka to strengthen institutional trust. Farashuddin delivered his remarks as the chief guest at the Policy Research Institute of Bangladesh event in Banani, where the July-August Monthly Macroeconomic Insights was presented.
The former governor urged the government to exercise extreme caution when freezing accounts, but advised limiting such actions. He proposed adding two million taxpayers annually to distribute the tax burden more equitably across the population. Farashuddin called for aggressive action against money laundering, and stressed the need to create jobs through training programs and low-interest loans for small business owners.
The former governor urged the government to exercise extreme caution when freezing accounts, but advised limiting such actions. He proposed adding two million taxpayers annually to distribute the tax burden more equitably across the population. Farashuddin called for aggressive action against money laundering, and stressed the need to create jobs through training programs and low-interest loans for small business owners.
