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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 first treasury notes in 1972 for ৳ 1 and notes of the Bangladesh Bank for ৳ 5, ৳ 10 and ৳ 100. In 1977, banknotes for ৳ 50 were introduced, followed by ৳ 500 in 1979 and ৳ 20 in 1982. ৳ 1 treasury notes were issued until 1992, with ৳ 2 treasury notes introduced in 1989. ৳ 1000 banknotes were introduced in 2008.
Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance, specialized community development bank founded in Bangladesh. [5] [6] It provides small loans (known as microcredit or "grameencredit") [7] to the impoverished without requiring collateral. Grameen Bank is a statutory public authority.
The Institute of Bankers was registered on the 6 February 1973 as an association under the Societies Registration Act, 1660 (Act No. XXI of 1660). [2] Before that some eminent bankers and other professionals decided, in a meeting held on 26 July 1972, to establish the institute as a professional body of banks and financial institutions in Bangladesh.
Although the bank was largely a private bank, it enjoyed patronage from the then government of India, the East India Company. [2] The bank was staffed by mostly British nationals who were drawn mainly from the East India Company. [2] The bank had most of its offices and branches in East Bengal, which is present day Bangladesh. [2]
Bangladesh Bank Taka Museum (Bengali: বাংলাদেশ ব্যাংক টাকা জাদুঘর) is a numismatic museum in Dhaka, Bangladesh run by Bangladesh Bank. [1] [2] The museum displays the history of currency in Bangladesh from the ancient times to the present. It also displays the currencies of different countries of ...
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 December 1971. Other than Bangladesh Bank, banks in Bangladesh are primarily categorized into two types: Scheduled ...
Like all other central banks, Bangladesh Bank is both the government's banker and the banker's bank, a "lender of last resort". Bangladesh Bank, like most other central banks, exercises a monopoly over the issue of currency and banknotes (except for the one, two and five taka notes and coins, which are the responsibility of the Ministry of ...