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Foreign Exchange Market

  Foreign Exchange Market :Towards liberalization of foreign exchange transactions, a number of measures were adopted since 1990s. Bangladeshi currency, the taka, was declared convertible on current account transactions (as on 24 March 1994), in terms of Article VIII of IMF Article of Agreement (1994). As Taka is not convertible in capital account, resident owned capital is not freely transferable abroad. Repatriation of profits or disinvestment proceeds on non-resident FDI and portfolio investment inflows are permitted freely. Direct investments of non-residents in the industrial sector and portfolio investments of non-residents through stock exchanges are repatriable abroad, as also are capital gains and profits/dividends thereon. Investment abroad of resident-owned capital is subject to prior Bangladesh Bank approval, which is allowed only sparingly. Bangladesh adopted Floating Exchange Rate regime since 31 May 2003. Under the regime, BB does not interfere in the determination o...
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financial system of Bangladesh

  Overview of Financial system of Bangladesh The financial system of Bangladesh is comprised of three broad fragmented sectors: Formal Sector Semi-Formal Sector Informal Sector The sectors have been categorized in accordance with their degree of regulation. The  formal sector  includes all regulated institutions like Banks, Non-Bank Financial Institutions (FIs), Insurance Companies, Capital Market Intermediaries like Brokerage Houses, Merchant Banks etc.; Micro Finance Institutions (MFIs). The  semi formal sector  includes those institutions which are regulated otherwise but do not fall under the jurisdiction of Central Bank, Insurance Authority, Securities and Exchange Commission or any other enacted financial regulator. This sector is mainly represented by Specialized Financial Institutions like House Building Finance Corporation (HBFC), Palli Karma Sahayak Foundation (PKSF), Samabay Bank, Grameen Bank etc., Non Governmental Organizations (NGOs and discrete go...
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Wealth maximization

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  ARTICLE Belgium:  Wealth Maximization vs. Profit Maximization: Definitions And Differences 25 November 2022 by  Julia Vorontsova Innovation Park There are two primary objectives of every business and corporation. One bases its decisions entirely on the shareholders' interest, and the other focuses on company profits. What are the key differences between wealth maximization vs. profit maximization? Does one objective take precedence over the other? Learn about the definition of wealth maximization and find out why most firms consider it their primary goal. Discover what profit maximization means and if it's an outdated concept in financial management. Unearth what these strategies aim to achieve and whether they're different from each other. First, let's start by defining wealth maximization. The Definition of Wealth Maximization Wealth maximization is the concept of increasing a firm's worth to increase the value of stockholders' shares. Wealth maximization is...
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Negotiable Certificate Of Deposit (NCD)

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  For screen-reader mode - click the first button of the website Use Website In a Screen-Reader Mode Accessibility Screen-Reader Guide, Feedback, and Issue Reporting Skip to Content Negotiable Certificate Of Deposit (NCD) Definition A Negotiable Certificate of Deposit (NCD) is a short-term debt instrument issued by financial institutions, typically banks, which is typically interest-bearing, negotiable, and has a fixed term of maturity. It is issued in bearer form and can be traded freely in the secondary market, making it more liquid than a traditional Certificate of Deposit (CD). Investors can buy NCDs to earn interest over a specified period, usually between three months and one year. 0 seconds of 34 seconds 00:34   Phonetic The phonetic pronunciation for “Negotiable Certificate Of Deposit (NCD)” is: Nee-ghoh-she-uh-buhl Ser-tif-i-kit Uhv Deh-paw-zit (En-see-dee) Key Takeaways Highly Liquid Security:  Negotiable Certificate Of Deposit (NCD) is a short-term debt instrum...
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