Bangladeshi deposits in Swiss banks drop by 93.7pc

The amount of money, deposited by Bangladeshi citizens and banks with different banks in Switzerland, decreased significantly in 2022.

According to the annual report of the Swiss National Bank (SNB), Bangladeshis deposited 871.1 million Swiss francs in 2021. The amount was 55.3 million Swiss francs in 2022, a 93.7 per drop compared to the previous year.

The central bank of Switzerland published the report on Thursday. Analysts told local news outlets that the dollar crunch could be a reason behind a major slump in the size of deposits by Bangladeshis within a year.

Source: The Financial Express
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