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Before Next Day From July Banks To Report NOP

Before Next Day From July Banks To Report NOP

Before Next Day From July Banks To Report NOP

Before Next Day From July Banks To Report NOP. Business banks will need to present their day by day net vacant position (NOP) report to the Bangladesh Bank (BB) before beginning of business hour of the following working day from July 1, authorities said.

The choice was taken at a ‘Bangladesh Bank (BB)- Authorized Dealers’ Forum’ meeting at the national bank central command in Dhaka Wednesday with BB Executive Director Ahmed Jamal in the seat.

Right now, the banks are permitted to present their day by day NOP report to the national bank by 11 am of the following working day.

“We require the NOP report by 9.00am of every working day for taking vital choices on the between bank outside trade (forex) market,” a BB senior authority clarified.

He likewise said the sum total of what banks have been encouraged to finish all arrangements through upgrading their robotization procedure by June 30 in this association.

The national bank of Bangladesh prior raised the NOP furthest reaches of the banks for holding outside trade with a specific end goal to keep the between bank forex market stable.

The BB has expanded the NOP by more than 11 for every penny to US$1.51 billion from $1.36 billion prior of each of the 56 booked banks.

The most recent NOP has been resolved on the premise of 15 for every penny of the aggregate administrative capital of the banks as on March 31, 2015.

The banks are presently enabled to hold more remote trade that aides minimizing deal weight of the US dollar in the between bank forex market, as indicated by the national broker.

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