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Dr-Nasrin-Sheely | Daily Observer
           
Friday | 23 May 2025 | Reg No- 06
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Friday | 23 May 2025


Let OBUs work at wider scope 
Dr Nasrin Sheely
Let OBUs work at wider scope The Offshore Banking Act 2024 is the primary legislation governing offshore banking operations in Bangladesh. The Act provides a dedicated legal basis for offshore banking units (OBUs), which were previously mainly regulated through central bank's guidelines. Under the Act, only scheduled banks operating in Bangladesh are eligible to provide offshore banking services and are required ...
How the narrative ‘Dollar is our currency, it’s your problem’ works?
Dr Nasrin Sheely
How the narrative ‘Dollar is our currency, it’s your problem’ works?The phrase 'Dollar is our currency, it is your problem' is often attributed to John Connally, US Treasury Secretary under President Nixon in the early 1970s. Though its exact origin is debated, the phrase succinctly captures the asymmetry and complexity of the global financial system, where US dollar reigns supreme. This dominance allows US to ...
Possible impacts of US tariff on our RMG industry 
Dr Nasrin Sheely
Possible impacts of US tariff on our RMG industry The phase-out of the Multifiber Arrangement (MFA) in 2005 was expected to significantly impact Bangladesh's export sector, particularly its ready-made garment (RMG) industry, which had been heavily reliant on the US market. Before the MFA phase-out, Bangladesh enjoyed quota protections under the agreement, which restricted major players like China, India, and Vietnam from dominating the ...
Inland trade and exposure by banking system
Dr Nasrin Sheely
Inland trade and exposure by banking systemBanking system mainly provides all types of transactional services including trade transactions. However, banks themselves are not exposed in all cases.Direct exposure by banks is found with the invention of back to back letters of credit (LCs). This new type of LCs is the by-product of readymade garment industries. Garment industries are allowed to open ...
Ensure remittances from freelancing thru formal channels
Dr Nasrin Sheely
Ensure remittances from freelancing thru formal channelsIf PayPal would operate in Bangladesh, huge influx of freelancing income would enter into the country. This is a common talk. It is known that Bangladesh is not included in the list of PayPal. If our freelancing income is huge in amount, there comes a question where such income goes. Definitely it would come otherwise. ...
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