The Bangladesh Bank has decided to end two kinds of repos for commercial banks.
In the first phase, the 28-day repo facility will be discontinued within March third week, while the 14-day repo will end by June.
Repos are available for 7, 14 and 28 days.
The IMF has been urging the central bank for this decision for some time.
The bank last year changed the repo system from two days a week to one.