|Home | Issues | The Daily Star Home | Volume 1, Issue 50, Tuesday June 1, 2004|
Nasreen Sattar , Head of International Sales, Standard Chartered Bank
Q1. I am a resident Bangladeshi national working with an International Organisation operating in Bangladesh. Can I open a foreign currency account?
A. Yes, as per Central Bank guideline foreign currency accounts maybe opened in the names of Bangladeshi nationals working with Foreign/International Organisations operating in Bangladesh provided their salary is paid in foreign currency. Such an account can be credited only with the foreign currency portion of the salary and debited for all approved current transactions like cost of travel, education for children, treatment etc. This type of account can also be credited with consultancy fees received by the above-mentioned category of residents.
Q2. A cheque for BDT 20,000/ drawn by your customer is presented in the clearing on the 27th of April 2004, for payment when the balance in the account was BDT 10, 001/ only . The customer happens to have a Fixed Deposit with the bank for a sum of BDT 10,000/. It is however, observed that the cheque is dated 25th April 2004. How will you act in the circumstances?
A. The banker will not make payment of the cheque for BDT 20,000/ while the balance in the account is not sufficient. The Fixed Deposit Account of the customer is a separate account and not a transactional one. Its amount is payable after the specified period is over. The banker, therefore, cannot make the payment of the cheque on the basis of the Fixed Deposit Account.
Q3. I had given a cheque to a friend where by mistake the words and figures of the amount were different. The bank returned the cheque to my friend. Can you please explain to me in such cases what is the norm?
A. According to the Negotiable Instruments Act 'if the amount undertaken or ordered to be paid is stated differently in figures and words, the amount stated in words shall be the amount undertaken or ordered to be paid'. Thus the banker may treat the amount written in words as the correct amount. However, in practice bankers usually return such cheques with the remark 'words and figure differ' and seek the drawer's confirmation.
Q. I have recently found out that my best friend is having an affair with someone I know. He kept it a secret from me for at least 8 months. I was surprised that he kept it from me and could not find any logical reason behind this behaviour. I did not ask him why he did that. Should I ask him? And if I feel hurt would that be too irrational?
Ans: Your friend is having an affair with someone you know and he has kept it secret from you. Definitely his behaviour is generating some questions in you. Why he had to do that? Does he think you are not trustworthy? What is the feeling underneath the surprise? Do you think your friend feels unsafe to talk about it? I guess these thoughts are quite logical in this situation and can be potentially threatening. It may mean, this friendship (forget about best friend!) is not based on trust, equality and honest communication. However, from another perspective it may not have anything to do with you at all. This behaviour could be an outcome of the emotional baggage he is carrying from his past. In addition, his sense of insecurity in that relationship or some other issue arising from his personal life could be responsible as well for this secrecy. Whatever be the reason it seems that there is a discrepancy between your expectation and his behaviour. Self-disclosure is an important way of making close relationships but it has to be reciprocal. It is quite rational to expect a close friend to share this personal information without feeling being judged and that is probably why friendship is so special to us. It is a conflict in your friendship that is creating tension and stress in you. How would you like to resolve this conflict? If you keep silence, suppressed emotion might come to the surface quite unpredictably at a later stage. If you value the friendship and want to give it another chance- tell him clearly what concerns you. Successful conflict resolution skills include- using active listening skills and essential speaking skills. Also prepare yourself ahead of time, keep an open mind and focus on the problem that needs to be resolved. Discuss the conflict and try to resolve it, if you can't, throw it away over your shoulder (at least, don't carry it forever).
Q: How can I distinguish between a terry cotton and pure cotton. I am allergic to synthetic fibres and especially during these hot months it seems to be severe and I want to avoid this fabric totally in this heat. Advice needed.
A: If you are allergic to synthetic fabrics you are in trouble. It is a difficult task to differentiate today between a man made mix and a pure cotton fabric. First of all many manufacturers are mixing some percentage of synthetic fibre to create a finish on cotton while others are mercerising (polishing) cotton in such a way also to create a high finish. If it were not evident from the feel, the nature of the fabric, then the only alternative would be to burn the fabric. If it crinkles, it is synthetic, if burns well to ashes, it is cotton.
Q: I recently returned to Dhaka from abroad. As I didn't get a chance to remain updated about latest fashion trends here I was wondering maybe you can fill me up with the latest fads. I want to know about salwar kameezes for both everyday wear & party wear. What kinds of sarees are in these days? One of my cousins is getting married. Do you have any suggestions about the kind of sarees I should buy for the occasion? Zainab
BY THE WAY
Build an exercise regime
Summer may be fearsome
this year but it should not halt your effort for a better shape. Working
out does not necessarily have to be everyday an hour routine in the
gym. You could walk to places instead of always taking a rickshaw or
driving a car. Avoid elevators while going up instead take the stairs.
Do whatever it takes to get moving.
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