Banks now allowed to manage NRCTA accounts
Bangladesh Bank has expanded the scope for non-resident Bangladeshis to open and operate Non-Resident Convertible Taka Accounts (NRCTA). From now on, Authorized Dealer (AD) banks, alongside Offshore Banking Units, will also be eligible to open and manage these accounts. The central bank issued this instruction in a circular released on Thursday (October 8). Under these guidelines, NRCTAs can...…
We haven't written up this one. Dhaka Tribune Business has the full story — the link below goes straight to it.
