Bangladesh, Aug. 4 -- Bangladesh Bank (BB) has abolished the Telegraphic Transfer (TT) discounting facility against liens on current accounts, ending a liquidity mechanism that had been in place for more than three decades as part of efforts to modernise the country's financial system.Geographic Reference
The central bank announced the decision through BRPD Circular Letter No. 26 issued on Monday saying the directive will take effect retrospectively from July 1, 2026.
Officials said the move is aimed at streamlining liquidity management, improving regulatory reporting and encouraging banks to rely on market-based funding instruments instead of the outdated TT discounting facility.
The facility was introduced through BRPD Circular No. 5 o...