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Offshore Banking Operation (OBO) was first introduced by Bangladesh Bank in 1985 through a circular for allowing active foreign financing at Export Processing Zones (EPZs). Banks operated the services with Bangladesh Bank approval without any separate law for an offshore banking system until the enactment of the Offshore Banking Act, 2024.
The Foreign Exchange Regulation Act, 1947 (known as FERA) is a law enacted and was officially published by the Government of Pakistan and still applicable in Bangladesh, which was East Pakistan before independence, to regulate certain payments, dealings in foreign exchange and securities, and the import and export of currency and bullion.
Bangladesh Bank is the central bank of Bangladesh and the chief regulatory authority in the banking sector. According to the Bangladesh Bank Order, 1972 the Government of Bangladesh reorganized the Dhaka Branch of the State Bank of Pakistan as the central bank of the country and named it Bangladesh Bank with retrospective effect from 16 ...
A.D. 1202 o Islamization of Bengal, 1202-1757 o European Colonization, 1757-1857 + Early Settlements + The British Raj o The Uprising of 1857 + A Great Divide in South Asian History + Reappraisal of British Policy o The Nationalist Movement and the Rise of Muslim Consciousness, 1857-1947 + The Division of Bengal, 1905-12 + Development of the ...
There are three types of financial markets in Bangladesh. They are: Money Market : Banks, Non-bank Financial Institutions, and Primary Dealers; Capital Market : Investment Banks, Credit Rating Companies, and Stock Exchanges; Foreign Exchange Market : Authorized Dealers.
On 7 April 1972, after the Bangladesh Liberation War and the eventual independence of Bangladesh, the Government of Bangladesh passed the Bangladesh Bank Order, (P.O. No. 127 of 1972), reorganising the Dhaka branch of the State Bank of Pakistan as Bangladesh Bank, the country's central bank and apex regulatory body for the country's monetary and financial system.
Bangladesh joined the Organization of the Islamic Conference, the Commonwealth of Nations and the Non-Aligned Movement. Rahman was invited to Washington DC and Moscow for talks with American and Soviet leaders. In the Delhi Agreement of 1974, Bangladesh, India and Pakistan pledged to work for regional stability and peace. The agreement paved ...
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