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, 2022
Aiming 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.