Bangladesh Bank again stated false foreign reserves, over stated around 8 billion US dollars.
Channel: Financial News Reveals
Date: 2022-04-25

Bangladesh Bank has overstated about 8 Billion US dollars again. The Sheikh Hasina Government has been showing false economic data for a long time. Recently ERD secretary Fatima Yasmin informed the press that the external debt of Bangladesh is only 50 billion US dollars, but according to Bangladesh Bank the external debt of  Bangladesh was 90.79 billion US dollars as of Dec 2021.She lied about the most vital economic data.. As of February 2022, the current account deficit of Bangladesh was 12.83 billion US dollars and the foreign reserve was around 44 billion US dollars. Bangladesh Bank has paid BOP around 8 billion US from foreign reserves and the current account deficit stood now at 4.5 billion US dollars. On April 21, 2022 Bangladesh Bank falsely stated that the foreign reserves of Bangladesh is still around 44 billion US dollars. Bangladesh Bank did not deduct the BOP payment from foreign reserves. Bangladesh Bank did these fraudulent activities to prove that the economy of Bangladesh would never be like Sri-Lanka. But the economic condition of Bangladesh will worsen than Sri-Lanka soon although the Sheikh Hasina Government is trying to cover up the vulnerable economic condition of Bangladesh.