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Bangladesh Bank, the country's central bank, reportedly plans to introduce draft regulations for the country's payment and settlement systems. Bank officials offered no immediate comment about the report, which appeared in The Daily Star, a newspaper in Bangladesh. The regulations reportedly would enable the bank to monitor the payment and settlement systems more closely to encourage electronic payments and reduce fraud, the report says. "The development points to regional developments by central banks to encourage noncash payment instruments," Sunil Devmurari, an Asia-Pacific analyst for United Kingdom-based research company Euromonitor International, tells CardLine Global.
