Dhaka, Bangladesh (BBN)- The central bank has decided to introduce two more Bangladesh Bank (BB) bills shortly aiming to transmit monetary policy through managing liquidity more effectively, officials said.
The twin BB bills will be 90-Day and 180-Day tenures, according to a notification, issued by the central bank on Wednesday.
Currently, three BB bills are being used through auctions to adjust the monetary programmes of the central bank. The BB bills have 07-day, 14-day and 30-day maturity periods.
After a pause of three years, the banking regulator resumed operations of 30-day BB bills from November 20 last in a bid to offset liquidity, high-powered money in particular, from the market.
Since resumption of the 30-day BB bills, the central bank mopped up BDT 9.61 billion from the market in two auctions held on November 20 and November 27 this year through competitive bidding where the cut-off yield was 11.10 per cent.
BBN/SSR/AD