Management directors (MDs) from nearly 30 banks, both government and private, are traveling to the United States. Bangladesh Bank’s Deputy Governor, along with the deputy governor of Bangladesh Bank, will accompany them. This trip aims to promote offshore banking and fixed deposit schemes among expatriates. Amid the dollar crisis, questions arise as multiple MDs embark on this journey simultaneously, raising concerns within the banking sector. A national daily reported the arrangement of an event in a New York hotel on May 24 for promoting offshore banking. The participating MDs will be accompanied by the Permanent Representative of Bangladesh to the United Nations in New York, the Deputy Governor of Bangladesh Bank, and the Consul General of Bangladesh in New York. Additionally, MDs from various banks, including Brac Bank, Dutch-Bangla Bank, Bank Asia, City Bank, and others, will attend a conference organized by the US Department of Justice. Approval for the foreign travel of these MDs has been granted by the central bank, aiming to boost dollar inflow into bank accounts. This promotional event targets Bangladeshi expatriates to encourage dollar deposits in banks offshore.
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