Bangladesh Bank to increase forex reserves

Bangladesh Bank, the country's central bank, has launched a vigorous move to replenish the country's emaciated foreign exchange reserve by relaxing its regulation on remittances, the United News of Bangladesh reported on Tuesday.

From now on, non-resident Bangladeshis will be allowed to open foreign currency account by using photocopy of passport signature or showing signature verified by a notary public.

The central bank issued a circular Sunday asking the authorised foreign exchange dealers to

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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