'City Global ' to help increase growth of foreign currency base
Monday, 29 March 2010
FE Report
City Bank has introduced its very own brand of foreign currency solutions called 'City Global' in the market targeting the country's growing banking subscribers who regularly deal with the overseas currencies.
This package will largely remove the existing hustles and bustles in opening and managing a foreign currency (FC) account"- City Bank officials said, adding that the move will also help in increasing the flow of foreign currency in the country.
This brand new package comes in three distinct types of foreign currency (FC) account solutions to serve various overseas currency needs of the targeted customers- the bank officials said at a press conference in the city Sunday.
The accounts are City Global Foreign Currency Account, City Global RFCD Account and City Global NFCD Account.
The RFCD (Resident Foreign Currency Deposit) account, for instance, is designed exclusively for resident Bangladeshis who can open this account with the foreign currencies brought in the country on their return from traveling abroad.
City Bank has introduced its very own brand of foreign currency solutions called 'City Global' in the market targeting the country's growing banking subscribers who regularly deal with the overseas currencies.
This package will largely remove the existing hustles and bustles in opening and managing a foreign currency (FC) account"- City Bank officials said, adding that the move will also help in increasing the flow of foreign currency in the country.
This brand new package comes in three distinct types of foreign currency (FC) account solutions to serve various overseas currency needs of the targeted customers- the bank officials said at a press conference in the city Sunday.
The accounts are City Global Foreign Currency Account, City Global RFCD Account and City Global NFCD Account.
The RFCD (Resident Foreign Currency Deposit) account, for instance, is designed exclusively for resident Bangladeshis who can open this account with the foreign currencies brought in the country on their return from traveling abroad.