The move aims at encouraging the expatriates working abroad to save money and invest in Bangladesh, the central bank said in a notice on Sunday. The existing regulations allow the expatriates to maintain foreign currency accounts and nonresident taka accounts in Bangladesh. The deposits in the accounts shall be either monthly or quarterly. The accounts shall be credited in taka after conversion of foreign currency. Remittances sent by Bangladeshis working abroad have shattered all records recently even amid the coronavirus pandemic that pushed both exports and imports down.

Source: bd News24 August 09, 2020 19:07 UTC