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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 protest began in June 2024, in response to the Supreme Court of Bangladesh reinstating a 30% quota for descendants of freedom fighters, reversing the government decision made in response to the 2018 Bangladesh quota reform movement. Students began to feel like they have a limited opportunity based on merit.
The chairman of the governing board is the prime minister and members include the governor of Bangladesh Bank, the finance minister and other high-level ministers and elected policymakers. [9] The governing board is responsible for overall policy decisions. [9] The executive board includes bureaucrats from Government of Bangladesh. [8]
Students in Bangladesh began a quota reform movement in early June 2024 after the Bangladesh Supreme Court invalidated the government's 2018 circular regarding job quotas in the public sector. The movement escalated into a full-fledged mass uprising after the government carried out mass killings of protesters, known as July massacre , by the ...
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.
On 5 August 2024, Bangladesh's longtime Prime Minister Sheikh Hasina resigned and fled to India following the non-cooperation movement.It was a pro-democratic disinvestment movement and mass uprising, of which the sole demand was the resignation of Sheikh Hasina and her cabinet, initiated within the framework of the month-long quota reform movement resulting in mass killings.
The following is a list of scheduled and expected events for the year 2024 in Bangladesh.2024 is the current year, and is a leap year starting on Monday of the Gregorian calendar, the 2024th year of the Common Era (CE) and Anno Domini (AD) designations, the 24th year of the 3rd millennium and the 21st century, and the 5th year of the 2020s decade.
The agency is controlled by 12 member-governing body which has representatives from the government, Bangladesh Bank, Bangladesh Securities and Exchange Commission, Federation of Bangladesh Chambers of Commerce & Industries, professional accountants association and academia.