Dhaka, April 6 -- Bangladesh has taken an important step toward strengthening its international financial architecture by introducing the Offshore Banking Act, 2024. The objective of this legislation is to facilitate cross-border financial transactions, support foreign investment, and create a globally competitive financial environment for enterprises operating in specialised economic zones such as Hi-Tech Parks.

However, despite the policy intent, some operational opacities remain. One issue is the interaction between Domestic Banking Units (DBUs) and Offshore Banking Units (OBUs), especially when companies in specialised zones generate revenues in local currency but must conduct foreign currency transactions.

Hi-Tech Park-based indust...