Dhaka, Sept. 20 -- THE fallen Awami League government had borrowed Tk 1.32 trillion from the central bank during its 15 and a half years rule. Due to the dollar crisis, it could not repay the loan on time as per the terms.
At the current foreign exchange rate, the amount of this loan in local currency stands at Tk 7.32 lakh crore. In total, the amount of the old loan is Tk 12.44 lakh crore.
The previous government had borrowed heavily from the central bank using money printed.
This led to an increase in inflation. The present government is having to borrow at high interest rates to repay this old debt. Naturally, this is having an impact on the present government's financial management.
The state treasury is being strained due to low re...