Move to coax expats into forex bonds

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Economic Reporter :
The government has asked the central bank and Department of National Savings to step up efforts to draw investments by overseas Bangladeshis into foreign currency bonds.
The non-resident Bangladeshis, or NRBs, and workers living abroad are eligible for investing in US dollar premium bond, US dollar investment bond, and wage earners’ development bond.
The instruction came at a recent meeting of the government’s Cash and Debt Management Committee with finance secretary Abdur Rouf Talukder in the chair.
If needed, the meeting stressed the need for extensive publicity so that expatriate Bangladeshis can be attracted to such investments.
It suggested holding road shows in the countries of the Middle East, Malaysia, European Union, and the United Kingdom, where most of overseas Bangladeshis and expatriate workers live.
An estimated 10 million Bangladeshis live and work abroad, mostly in the oil-rich Gulf countries and Southeast Asia. The United States and the United Kingdom also a host over a million Bangladeshi diaspora population.
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