Staff Reporter :
Bangladesh Bank plans to issue two new bonds for encouraging Non-resident Bangladeshis (NRBs) living in the United Kingdom (UK) to investment in their home country.
BB governor Dr Atiur Rahman told a seminar in London last week that the central bank would issue Pound and Euro bonds so NRBs in the UK feel more secure and are encouraged to invest in Bangladesh, according to the UK-Bangladesh Catalyst of Commerce and Industries (UKBCCI).
The umbrella organisation for British-Bangladeshi entrepreneurs in the UK and Bangladesh organised the seminar.
UKBCCI said that the announcement of the BB would fulfill a long-standing demand of the expatriate Bangladeshis in the UK for issuing bonds in Pound and Euro.
The central bank earlier issued three bonds for the expatriate Bangladeshis – wage-earner development bond, US dollar premium bond and US dollar investment bond. The NRBs in the UK, however, were not interested much in investing in dollar bonds because of the currency conversion rates that often caused loss to them.
The two bonds in Pound Sterling and Euro would be more attractive and safer for investment by the NRBs in the UK because there would be no loss to the currency conversion rate, the UKBCCI said.
Earlier, a BB official told media that BB would issue four bonds targeting investment from Euro region. The planned four bonds included euro investment bond, pound sterling investment bond, euro premium bond and pound sterling premium bond.
Bangladesh Bank plans to issue two new bonds for encouraging Non-resident Bangladeshis (NRBs) living in the United Kingdom (UK) to investment in their home country.
BB governor Dr Atiur Rahman told a seminar in London last week that the central bank would issue Pound and Euro bonds so NRBs in the UK feel more secure and are encouraged to invest in Bangladesh, according to the UK-Bangladesh Catalyst of Commerce and Industries (UKBCCI).
The umbrella organisation for British-Bangladeshi entrepreneurs in the UK and Bangladesh organised the seminar.
UKBCCI said that the announcement of the BB would fulfill a long-standing demand of the expatriate Bangladeshis in the UK for issuing bonds in Pound and Euro.
The central bank earlier issued three bonds for the expatriate Bangladeshis – wage-earner development bond, US dollar premium bond and US dollar investment bond. The NRBs in the UK, however, were not interested much in investing in dollar bonds because of the currency conversion rates that often caused loss to them.
The two bonds in Pound Sterling and Euro would be more attractive and safer for investment by the NRBs in the UK because there would be no loss to the currency conversion rate, the UKBCCI said.
Earlier, a BB official told media that BB would issue four bonds targeting investment from Euro region. The planned four bonds included euro investment bond, pound sterling investment bond, euro premium bond and pound sterling premium bond.
