Bangladesh Bank Expands RTGS System to Include Chinese Yuan

The Bangladesh Bank is incorporating the Chinese Yuan (“CNY”) into its real-time gross settlement (“RTGS”) system. Presently, the RTGS system facilitates clearing and settlement in five foreign currencies—namely the US dollar, the British pound, the euro, the Canadian dollar, and the Japanese yen. Starting from 4 February 2024, the clearing and settlement processes for the CNY will also be integrated into the RTGS system.