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 ?
RCBC has revealed everything it legally could to the Senate and to the Bangko Sentral ng Pilipinas; Bangladesh Bank, however, has concealed everything it could.
Hackers stole $81 million from the funds of Bangladesh Bank at the Federal Reserve Bank of New York which found its way to the Philippines.
So if Bangladesh Bank was negligent, why would RCBC be made to pay for Bangladesh Bank's loss?
We have also found that some officials at Bangladesh Bank who were in charge of maintaining the network fell short of their responsibilities," he said, adding that police were still trying to determine if the officials' actions went beyond pure negligence.
Justin Harvey, chief security officer with Fidelis Cybersecurity, said hackers followed the money and would be drawn into such schemes in hopes of emulating a big heist like the one on Bangladesh Bank.
A Bangladesh Bank spokesman declined comment on BAE's findings.
The Bangladesh Bank officials, however, said the hackers tried to stole a further $850 million, but the bank's security systems and typing errors in some requests thwarted the attempts.
Razee Hassan, the Deputy Governor of Bangladesh Bank drew a close to the one and a half day Seminar by sharing their visions for the Islamic financial system in Bangladesh.
The new Bangladesh Bank directive on loans will compel many businesses to default and slow down export growth, said Abdus Salam Murshedy, President, Exporters Association of Bangladesh (EAB).
Bangladesh Bank has been something of a sore point for Islamic bankers, who have long bemoaned it for failing to provide adequate legal and regulatory support.
The (central) Bangladesh Bank has relieved Yunus of his duties as the managing director of Grameen Bank with immediate effect,' said Muzammel Huq, Grameen Bank chairman.
He said Bangladesh Bank installed the solar power solution as part of the bank's corporate social responsibility (CSR).
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