Dhaka, July 4 -- The Bangladesh Bank has introduced a new policy allowing both individuals and businesses to obtain local currency loans by pledging foreign currency deposits held in Offshore Banking Units (OBUs) as collateral.
This development was announced in a circular issued on Thursday by the central bank's Foreign Exchange Policy Department (FEPD). The move aims to enhance access to financing and better utilise foreign currency resources held within the country.
Under the new guidelines, non-resident Bangladeshis (NRBs) will now be able to use their OBU-based foreign currency deposits as collateral to secure loans in Bangladeshi taka.
Domestic banking units (DBUs) may extend such loans to resident individuals, firms, or companies b...