City
Epaper

Bangladesh's reserves increased to $48 bn, says PM Hasina

By IANS | Updated: December 5, 2022 16:05 IST

Dhaka, Dec 5 Bangladesh Prime Minister Sheikh Hasina said on Monday that the country's reserves have increased to ...

Open in App

Dhaka, Dec 5 Bangladesh Prime Minister Sheikh Hasina said on Monday that the country's reserves have increased to $48 billion during the tenure of her government .

Rubbishing rumours, the premier said: "Some words will spread rapidly and you (people) might be misled. But, I will say there is nothing to be misled."

She urged the countrymen not to pay heed to any propaganda over foreign reserves and bank liquidity as Bangladesh is economically stable despite many developed countries facing global crisis for the Covid-19 pandemic and Russia-Ukraine war.

"Inflation has increased globally. Many developed countries are at stake economically and facing trouble their reserve is declining. But, we can say that we have been able to keep Bangladesh in a stable condition," she said while addressing a graduation ceremony of the National Defence Course-2022 and Armed Forces War Course-2022 at the Sheikh Hasina Complex in Dhaka's Mirpur Cantonment.

She said the reserves were only $2.5 billion while the Awami League assumed power for the first time in 1996 and it was a mere $5 billion when her party came to the power for the second time in 2001.

The premier said her government has taken every possible measure including purchasing Covid-19 vaccines, giving stimulus packages to industries and business establishments, reaching cash to every person up to grassroots level to protect Bangladesh economy and its people from the wrath of the pandemic.

She said they have purchased the Covid-19 vaccines by giving 12,000 crore taka in advance while development of the vaccine was in the research stage.

Bangladesh has administered the Covid-19 vaccines to its people free of cost despite the fact that no rich or developed country did it, the Prime Minister said.

Hasina reiterated her call to bring all lands under cultivation so Bangladesh never falls into a food crisis as the world is approaching a serious food problem.

She also said her government did not show any stinginess in spending money to protect Bangladesh and its people, urging people to show austerity in using electricity, gas and water.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Sheikh hasina complexMirpur cantonmentbangladeshdhaka
Open in App

Related Stories

MumbaiMumbai: Chunabhatti Police Bust Mobile Theft Gang, Eight Arrested; Links Traced to Bangladesh

CricketBAN vs AFG LIVE Cricket Streaming: When and Where to Watch Bangladesh vs Afghanistan Asia Cup 2025 Match 9 in India

CricketBAN vs AFG, Asia Cup 2025 Match 9: Bangladesh Wins Toss, Opts to Bat First Against Afghanistan – Check Playing XIs

MumbaiMumbai Airport: Nepali Man and Bangladeshi Resident Arrested With Fake Indian Passports

CricketAsia Cup 2025: Sri Lanka Begin Campaign With 6-Wicket Win Over Bangladesh in Abu Dhabi

International Realted Stories

InternationalIsrael denies reports of mistreatment of Greta Thunberg and Gaza flotilla activists

International'India wants to see free, fair, inclusive and participatory election in Bangladesh'

InternationalPhiladelphia: Chinese flag raised at Philly City Hall sparks outcry over CCP human rights record

InternationalKim Jong-un vows to counter 'real and serious' US threats

InternationalDeath toll from boarding school collapse in Indonesia tops 50