Regulatory Alerts2012-10-23
Added · Updated
BRPD Circular Letter No. 12: Foreign exchange dealing by a Non-AD branch
The document instructs all scheduled banks in Bangladesh to immediately cease foreign exchange transactions, bill purchases, or related activities conducted through branches that do not hold an approved dealer license. It clarifies that while opening a branch requires approval from the Foreign Exchange Policy Department, conducting forex dealings specifically mandates holding a valid dealer license, and operating without one is unacceptable.
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