<div><span style="font-size: 1rem;">Dollar crisis has come to the fore again as 20 banks are unable to make payment of import LCs, </span>according<span style="font-size: 1rem;">&nbsp;to media reports.</span><br></div><div><br></div><div>According to data of Bangladesh Bank of October 25, dollar crunch has intensified to such an extent that the banks are unable to pay debts and LC.</div><div><br></div><div>The banks are struggling to make the payments with allegedly ‘poor remittance’ and import earnings.</div><div><br></div><div>In the wake of dollar crisis, the banks are refraining from opening new LCs, even those for import of essential items.</div><div><br></div><div>The forex interbank market has become dysfunctional.</div><div><br></div><div>As many banks are failing to make LC payments, those are suffering from reputation crisis abroad. Therefore, foreign banks have started to limit credit line for Bangladesh.</div><div><br></div><div>Dollar crunch may be intensified due to remittance fall in the days to come and foreign banks may stop taking Bangladesh LCs totally.</div><div><br></div><div>According to media reports, some Bangladeshi banks have failed to pay Standard Chartered Bank, Mashreq Bank, Abu Dhabi Commercial Bank, Commerz Bank, and Axis Bank.</div><div><br></div><div>About 30 percent of the remittance comes through Islami Bank which is also at the top of foreign earning.</div><div><br></div><div>bnbd24/fas</div>