Home » Bangladesh Publication » Department of Foreign Exchange Policy (FEPD) of Bangladesh Bank Circular No. 25, On “Maintaining Correspondent Accounts in Chinese Yuan Renminbi (CNY)” dated 15 September 2022.
![](https://media.vdb-loi.com/wp-content/uploads/2022/09/banner-yuan.jpg)
Department of Foreign Exchange Policy (FEPD) of Bangladesh Bank Circular No. 25, On “Maintaining Correspondent Accounts in Chinese Yuan Renminbi (CNY)” dated 15 September 2022.
September 30, 2022Aiming to widen the scope for banks, Bangladesh Bank published a circular to settle cross-border payment in yuan. Previously, the authorized dealers could maintain a foreign currency clearing account with the Bangladesh Bank in the Chinese currency. But now banks will start to hold Chinese currency to settle payments in the future.
RELATED EXPERIENCES
Related Articles
- Regulatory Guidelines for Prepaid Instruments in Bangladesh: Ensuring Financial Inclusion and Consumer Protection
- July 1, 2024 - Bangladesh Bank Mandates Alternative Dispute Resolution for Non-Performing Loan Recovery to Strengthen Dispute Resolution in Banking
- June 3, 2024 - Bangladesh Bank Adopts Crawling Peg System for US Dollar Exchange Rate
- June 3, 2024 - Stimulating Foreign Currency Reserves: Tax Breaks for Offshore Banking in Bangladesh
- May 2, 2024 - Regulatory Directive Impacts Industrial Establishment Access to Utilities and Financial Support
- May 2, 2024