Regulatory Alerts2026-05-24
FEPD-2 Circular No. 3: Foreign Currency Accounts of Bangladeshi Shipping Companies and Airlines
Bangladesh Bank’s Foreign Exchange Policy Department-2 has directed authorized dealer banks to convert foreign currency account balances of Bangladeshi shipping companies and airlines into interest-bearing renewable term deposits. These deposits must be held in approved currencies with terms aligned to standard banking practices, and any accrued interest or profit must be disbursed in Bangladeshi Taka at the prevailing spot rate. This directive aims to capitalize on the growing global operational revenues of these entities while encouraging inward remittances, leaving all other existing foreign exchange regulations unchanged.
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