Capital market will be closed

The government has issued a notification of severe lockdown from April 14 to 21 to stop the second wave of corona. However, the central bank has decided to stop general banking activities at this time. As part of this, the regulator BSEC has decided to close the capital market.

In this regard, BSEC Executive Director and Spokesperson Mohammad Rezaul Karim told Sunbd, “We have already said that if the bank is open, the capital market will be open.” As per the government announcement, Bangladesh Bank has decided to stop the normal activities of the bank. In the light of this, we have also decided to close the capital market. Capital market activities will start as soon as banking activities start.

Earlier, the central bank decided to suspend normal operations of the bank except for AD branches and foreign naval, land and airport branches.

Bangladesh Bank Executive Director and Spokesperson Sirajul Islam confirmed this information to Sunbd. He said the activities of the authorized dealer or AD branch and the branches in the naval, land and airport areas will continue. Besides, the activities of the IT departments of the central branch will continue to manage the activities of the concerned branches.

Earlier, the government had issued a notification imposing all-out restrictions to stop the second wave of corona. The circular specifies the specific restrictions on movement from April 14 to 21, what can be done in these few days, what can be done with special discounts. It says there is no way out of the house unless absolutely necessary.

State Minister for Public Administration Farhad Hossain said it was important to keep people at home at the rate at which corona infections were on the rise. It is not possible to keep everything open, even if you close everything, life will be disrupted. That is why the need has been focused. It has been instructed not to leave the house in any way except at urgent need.

Sunbd/NJ