Bangladesh's high inflation eats up savings, squeezing banks

Liquidity fears grow after new deposits declined nearly 30% last fiscal year

20221011 bangladesh banking

A government bank employee counts money in Dhaka: New deposits in the country's banks have fallen sharply © Reuters

SYFUL ISLAM, Contributing writer

DHAKA -- Bangladesh's high inflation is forcing citizens to dip into their savings and stop putting money away, raising concerns about bank liquidity flows and hammering sales of national savings certificates.

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