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Bangladesh moves to a better position: Finance Minister

Cash reserve ratio for offshore banking units relaxed to boost foreign trade

The cabinet on Wednesday approved the draft of the Offshore Banking Act 2024, which exempts tax on interest earned by depositors

Offshore unit officials to face fine if false info provided

The Bangladesh Bank will be able to impose a fine of up to $5,000 or an equivalent amount in the local currency on the officials of offshore banking units (OBUs) if they provide false information intentionally.

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