Regulatory Alerts2024-07-01
Added · Updated
DMD Circular Letter No. 09: Auction of Central Bank Repo
The Department of Monetary Management (DMD) of the Bangladesh Bank amends the schedule for Central Bank Repo auctions, effective immediately, to strengthen the domestic money market. Starting July 2024, auctions will be held twice a week on Mondays and Wednesdays, or on the next working day if holidays occur. The Reverse Repo Facility and Reverse OMO Facility will continue to operate at prevailing rates on a daily basis.
Bangladesh Bank (Department of Monetary Management) Head Office Motijheel, Dhaka-1000 Bangladesh.
DMD Circular Letter No. 09 Date: --------------------
To: Managing Director / Chief Executive Officer All Scheduled Banks and Financial Institutions operating in Bangladesh.
Dear Sir,
Regarding the Auction of Central Bank Repo (Reverse Repo).
Reference is invited to DMD Circular Letter No. 08 dated June 30, 2024, concerning Repo, to strengthen the domestic money market and improve currency management.
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It was stated in the said circular that, starting from July 2024, the Central Bank Repo auction will be held on two (02) days of the week, Monday and Wednesday, with any change in the auction date to be on the next working day in case of a holiday. In addition, the Reverse Repo Facility (RRF) and Reverse OMO Facility (ROMO) will continue to be available at prevailing rates on a daily basis.
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These instructions will be implemented immediately.
Yours faithfully,
(Ismail Hossain) Director (DMD) Phone: 9530131 E-mail: ismail.hossain@dmdb.ban
17 Asharh 1431 01 July 2024