Regulatory Alerts2020-12-21
Added · Updated
DMD Circular Letter No. 09: Amendment of NRB Bond Rules
The Ministry of Finance sets a combined foreign currency investment ceiling of 1 crore Taka for Wage-Earner Development Bonds, U.S. Dollar Premium Bonds, and U.S. Dollar Investment Bonds. Additionally, Rule 14(4) of the respective bond rules is repealed, and the 2018 Policy on Selection of NRIs as CIP Investors under these bonds is abolished. These measures apply to all scheduled banks in Bangladesh, excluding Shariah-based banks, and take effect from the date of issuance.
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