Regulatory Alerts2024-06-30
Added · Updated
DMD Circular Letter No. 08: Auction of Central Bank Repo
The document amends the schedule for Central Bank Repo auctions, specifying that they will be held twice a week on Mondays and Wednesdays, with any holiday falling on these days moved to the next working day. This change replaces the previous practice of holding auctions on every working day. The directive is effective immediately for all scheduled banks and financial institutions in Bangladesh.
50119
Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh.
Data Management Department
16 Asharh 1431 Date: ------------------- 30 June 2024
DMD Circular Letter No.-08
Managing Director/Chief Executive All Scheduled Banks and Financial Institutions of Bangladesh.
Dear Sir,
Regarding the Auction of Central Bank Repo with Bangladesh Bank.
With reference to the earlier circulars issued regarding Repo for strengthening the country's money market and improving currency management, specifically Circular No. CDS-120/2002-3 dated 18/06/2002 and DMD Circular No.-1 dated 06/06/2018, it is hereby informed that from July 2024, the Auction of Central Bank Repo will be held twice a week on Mondays and Wednesdays, instead of every working day (if a holiday falls, it will be held on the next working day).
This directive will take effect immediately.
Yours faithfully,
(Istekmal Hossain) Director (DMD) Phone: 9530131 E-mail: istequemal.hussain@bb.org.bd
Phone: 88-02-9550448, 9554896, IP: 88-02-56665001-6, Fax: 88-02-9530479, www.bb.org.bd