Enhanced Flexibility for Foreign Currency Accounts of Non-Resident Bangladeshis”

The Bangladesh Bank has introduced greater operational flexibility for non-resident Bangladeshis maintaining foreign currency accounts. Building on the provisions of FE Circular No. 10 dated 8 May 2024, this new directive allows non-resident Bangladeshis to open private foreign currency and non-resident foreign currency deposit accounts not only in approved foreign currencies but also in other usable foreign currencies accepted by authorized dealers in Bangladesh. Additionally, the circular removes the previously prescribed interest/profit rates on these accounts, enabling authorized dealers to determine such rates based on their banker-customer relationships. All other existing instructions remain unchanged.