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The Bangladesh Bank Order, 1972 (President's Order)

( PRESIDENT'S ORDER NO. 127 OF 1972 )

Chapter I

PRELIMINARY

 
2. In this Order, unless there is anything repugnant in the subject or context,-
 
(a) “appointed day” means the 16th day of December, 1971;
 
(b) “approved foreign exchange” means currencies declared as such by any notification under Article 18;
 
(c) “Bank” means the Bangladesh Bank;
 
1[ (cc) “banking company” means "ব্যাংক কোম্পানী" defined in দফা (ণ) of ধারা ৫ of ব্যাংক কোম্পানী আইন, ১৯৯১ (১৯৯১ সনের ১৪ নং আইন);]
 
(d) “Bank Notes” means 2[ notes and coins] made and issued by the Bank in accordance with Article 23;
 
3[ (dd) “bank rate” means the standard rate made public by the Bangladesh Bank under Article 21;]
 
(e) “Board” means the Board of Directors of the Bank;
 
4[ (ee) “coin” means, except for the purpose of clause (d) above, a coin issued under the provisions of the Bangladesh Coinage Order, 1972 (P.O. No. 83 of 1972);] (f) “Co-operative Bank” means any co-operative society or co-operative bank including the apex co-operative bank registered under 5[ সমবায় সমিতি আইন, ২০০১ (২০০১ সনের ৪৭ নং আইন)], or any other law for the time being in force relating to co-operative societies, one objectives of which is to provide financial accommodation to its members;
 
(g) “Director” means a Director of the Bank; 6[ (gg) “financial institution” means "আর্থিক প্রতিষ্ঠান" defined in দফা (খ) of ধারা ২ of আর্থিক প্রতিষ্ঠান আইন, ১৯৯৩ (১৯৯৩ সনের ২৭ নং আইন);]
 
(h) “Governor” and “Deputy Governor” means respectively the Governor and Deputy Governor of the Bank;
 
(i) “Government” means the Government of the People's Republic of Bangladesh;
 
(j) “Scheduled Bank” means a bank for the time being included in the list of banks maintained under sub-clause (a) of clause (2) of Article 37;
 
(k) “State Bank” means the State Bank of Pakistan constituted under the State Bank of Pakistan Act, 1956;
 
7[ (l) “Taka Coin” means one Taka coin and one Taka note and two Taka note coin and two Taka note which are legal tender in Bangladesh.]
 

  • 1
    Clause (cc) was inserted by section 3 of the Bangladesh Bank (Amendment) Act, 2003 (Act No. IX of 2003)
  • 2
    The words “notes and coins” were substituted for the word “notes” by section 2 of the Bangladesh Bank (Amendment) Act, 1994 (Act No. XIV of 1994)
  • 3
    Clause (dd) was inserted by section 3 of the Bangladesh Bank (Amendment) Act, 2003 (Act No. IX of 2003)
  • 4
    Clause (ee) was inserted by section 3 of the Bangladesh Bank (Amendment) Act, 1994 (Act No. XIV of 1994)
  • 5
    The words, comma, brackets and figures “সমবায় সমিতি আইন, ২০০১ (২০০১ সনের ৪৭ নং আইন)” were substituted for the words, comma, brackets and figures “Co-operative Societies Act, 1912 (Act II 1912)” by section 3 of the Bangladesh Bank (Amendment) Act, 2003 (Act No. IX of 2003)
  • 6
    Clause (gg) was inserted by section 3 of the Bangladesh Bank (Amendment) Act, 2003 (Act No. IX of 2003)
  • 7
    Clause (l) was substituted by section 2 of the Bangladesh Bank (Amendment) Act, 1989 (Act No. I of 1989)
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