Bangladesh Bank


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Bangladesh Bank

The central bank of Bangladesh. It is responsible for issuing the Bengali taka and setting the country's monetary policy. In setting its policies, the Bank is required to attempt to maximize employment, productivity and real income. It was established in 1971.
References in periodicals archive ?
Bangladesh Bank also facilitated the introduction investment modes in operation in other countries, such as 'Parallel Salam,' 'Parallel Istisna,' 'Ijarah Muntahia Bittamaleek' and spelt out the concept of 'Qard-e-Hasanah' to widen Islamic banking operations.
Although, Bangladesh Bank has adopted various measures for ensuring prudent management of insider-loan, still the benking sector is burdened with a high amount of default loan, granted to the insiders.
Bangladesh Bank (BB) has announced a two-step programme to ensure that large creditors do not default.
His resignation came after he lost his final legal battle in the apex court to thwart a Bangladesh Bank decision removing him from the position earlier against the backdrop of his protracted dispute with Prime Minister Shaikh Hasina's government.
Siddiqui, Deputy Governor, Bangladesh Bank, provided the opportunity to potential private and corporate investors to invest in Bangladesh's power and energy sector.
They urged Bangladesh Bank, the central bank, to reduce its financing of the budget deficit in line with achieving its FY12 monetary targets, accompanied by higher policy and treasury rates and limited liquidity support.
Dixon met with senior government officials, including the Finance Minister and the Governor of Bangladesh Bank, and discussed how World Bank support can be best aligned with the country s priorities.
The 70-year old Nobel Laureate resigned after he lost his final legal battle last week in the apex court to thwart a Bangladesh Bank decision removing him from the position two and half months ago against the backdrop of his protracted dispute with Prime Minister Shaikh Hasina's government.
In order to help keep the inter-bank foreign exchange (forex) market stable, the Bangladesh Bank (BB) has bought US$35 million more from two private commercial banks.
Khalid, a former Bangladesh Bank deputy governor and currently the chairman of the state-run Krishi Bank, saidEebad decisions of the SEC and the central bank also were largely responsible for the debacle.
It sent letters to the Board of Investment (BoI), National Board of Revenue (NBR), Bangladesh Bank (BB), Roads and Highways Division and some selected ministries, together with commerce, home, local government, power, energy and mineral resources and housing and public works etc.
Global Banking News-October 28, 2014--Nepal Bangladesh Bank to cut stake in NB insurance
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