'A defaulter of Rs 1,000 will go to jail, but a defaulter of Rs 100B will stand with the government'

'A defaulter of Rs 1,000 will go to jail, but a defaulter of Rs 100B will stand with the government'

0 minutes, 48 seconds Read

“Someone has to go to jail for an agricultural loan of 1000 taka, while a defaulter of an industrial loan of 100 billion taka sits next to the government. Now, the more powerful the person is, the bigger the defaulter he is and the higher will be his interest waiver.” He mentioned.

Regarding the interest waiver privilege, the former governor said, “Interest waiver started in 2003. “If I had the power, I would close the discount facility right now.” And, when some influential person will be able to convince the government that the way to reduce inflation is to recover the defaulted loans… and if the government pays attention to this, inflation will go down. It is a matter of who will convince the government.”

During his speech he also shared his views in detail on some other burning issues including bank mergers, dollar crisis, discrimination, inflation, money laundering and the role of the central bank. Apart from this, he answered various questions of journalists.

6551 Total Views 1 Views Today
Spread the love

Similar Posts