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Increase of CRR to 5% in Bangladesh by Shuvojit is a document available to read on EtoBox.

What is Increase of CRR to 5% in Bangladesh about?

1) The Bangladesh Bank has increased the Cash Reserve Requirement (CRR) that scheduled banks must maintain from 4.5% to 5% of their total demand and time liabilities. 2) Banks can maintain the 5% CRR on a bi-weekly average basis as long as the daily amount is not less than 4% . 3) The new 5% CRR rate will take effect on October 1st, 2005.

Author

Shuvojit

Language

EN