MPD Circular No. 01: Maintenance of Cash Reserve Requirement (CRR) with Bangladesh Bank

Bangladesh Bank
Head Office
Motijheel, Dhaka-1000
Bangladesh
Monetary Policy Department
MPD Circular No.-01 Date:
Chief Executives
All Scheduled Banks operating in Bangladesh
Dear Sir,
Maintenance of Cash Reserve Requirement (CRR) with Bangladesh Bank At present, all scheduled banks in Bangladesh have to maintain 5.00 percent CRR with Bangladesh Bank on the bi-weekly average basis with a provision of minimum 4.50 percent on the daily basis of their average total demand and time liabilities. However, with a view to attaining the objectives of monetary policy, it has been decided that the above mentioned CRR shall be maintained at 5.50 percent on bi-weekly average basis with a provision of minimum 5.00 percent on a daily basis effective from May 15, 2010. Please acknowledge receipt. Sincerely yours, Sd/- (Begum Sultana Razia) General Manager Phone: 9564119

4 May 2010
21 Baishakh 1417

Bangladesh Bank
Head Office
Motijheel, Dhaka-1000
Bangladesh
Monetary Policy Department
No. - MPD-116/2010-498 Date:
Notification
In exercise of the power conferred in Section 36(1) of Bangladesh Bank Order, 1972 (P. O. No. 127 of 1972) the amount of cash reserve with Bangladesh Bank required to be maintained by all scheduled banks operated in Bangladesh has been raised to 5.5 (five and half) percent from 5.00 (five) percent.

2. This order shall come into force from 15th May, 2010.

4 May 2010
21/01/1417
SD/-
(Ziaul Hassan Siddiqui)
Deputy Governor