MPD Circular No. 01 : Regarding Cash Reserve Requirement (CRR)

Phone: 88-02-9564119, 88-02-9530010-75, Fax: 88-02-9530194, 88-02-9566212 web: www.bangladesh-bank.org Bangladesh Bank Head Office Motijheel, Dhaka-1000 Bangladesh Monetary Policy Department MPD Circular No.-1 Date: 23 June 2014 Managing Directors/Chief Executives All scheduled banks in Bangladesh Maintaining Cash Reserve Requirement (CRR) with Bangladesh Bank Dear Sir, Please refer to MPD circular No 04, dated 01 December 2010 in which all scheduled banks of Bangladesh (including Shariah based banks) at present have to maintain 6.0 percent CRR with Bangladesh Bank on bi-weekly average basis with a provision of minimum 5.5 percent on daily basis of their average total demand and time liabilities (ATDTL). With a view to attain the objectives of monetary policy, it has been decided that CRR will be 6.5 percent on bi-weekly average basis with a provision of minimum 6.0 percent on daily basis effective from June 24, 2014. Please acknowledge receipt. Sincerely yours, Sd/- (Musarrat Zahan) General Manager Phone: 9564119