Regulatory Alerts2012-09-09
Added · Updated
BRPD Circular No. 13: Acceptance and Purchase of Inland Bill
The document amends BRPD Circular No. 10 dated July 11, 2012, by replacing the final sentence of its second paragraph. The revised rule prohibits the acceptance or payment of value for inland bills of exchange in local or foreign currency unless the bank has verified the actual delivery of the goods against which the bill was drawn. This amendment takes effect immediately and applies to all scheduled banks operating in Bangladesh.
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