Bangladesh Bank to increase forex reserves

Bangladesh Bank, the country's central bank, has launched a vigorous move to replenish the country's emaciated foreign exchange reserve by relaxing its regulation on remittances, the United News of Bangladesh reported on Tuesday.

From now on, non-resident Bangladeshis will be allowed to open foreign currency account by using photocopy of passport signature or showing signature verified by a notary public.

The central bank issued a circular Sunday asking the authorised foreign exchange dealers t