Regulatory Alerts2026-06-23
Circular No. 14: Opening and Operation of Non-Resident Convertible Taka Accounts
Bangladesh Bank issues Circular No. 14 to introduce Non-Resident Convertible Taka Accounts (NRCTAs) for Non-Resident Bangladeshis, allowing them to hold Taka-denominated funds derived from inward remittances. The circular permits Offshore Banking Units to utilize these deposits for lending to industrial enterprises in specialized zones and for financing personal or business activities of NRBs, subject to strict eligibility and risk management conditions. OBUs must ensure full compliance with KYC, AML/CFT standards, and ring-fence NRCTA financing while notifying the central bank of their operational frameworks before launching the service.
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