Regulatory Alerts2025-02-09
Added
Discontinuation of Instructions for Issuance of Letters of Credit with Realization Clause
The instructions contained in FE Circular No. 15 dated April 04, 2021 regarding the issuance of letters of credit with realization clauses for input procurements on behalf of exporters are discontinued. This decision is effective immediately. Authorized Dealers in Bangladesh are required to bring these contents to the notice of relevant customers.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular Letter No.07 Date: February 09, 2025 Head offices/principal offices of all Authorized Dealers in Bangladesh Dear Sirs, Issuance of letters of credit (LCs) with realization clause – discontinuation Please refer to FE Circular No. 15, dated April 04, 2021 regarding issuance of LCs with realization clause for input procurements on behalf of exporters. It has been decided to discontinue the instructions contained in this circular. 02. Please bring the contents of this circular letter, effective immediately, to the notice of relevant customers. Yours faithfully, (Md. Harun-Ar-Rashid) Director (FEPD) Phone: 9530123