RegAlert

Rule · BB · 23 Mar 2016

Enhancement of Umrah Hajj Guarantee Limit to Saudi Riyal 200,000

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The limit for bank guarantees or performance bonds furnished by Authorized Dealers on behalf of approved Umrah agents is increased from Saudi Riyal 100,000 to Saudi Riyal 200,000. This change applies to guarantees issued in favor of official Umrah service agents or providers in the Kingdom of Saudi Arabia. All other instructions contained in FE Circular No. 02 dated January 13, 2014 remain unchanged.

BangladeshBangladesh Bank

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular Letter No. : FEPD(A&NFBP)/103(Umrah)/2016-09 Date : 23 March 2016 All Authorized Dealers of Foreign Exchange in Bangladesh Dear Sirs, Issuance of Umrah Hajj Guarantees in foreign currency. Attention of the Authorized Dealers (ADs) is invited to paragraph 02 of FE Circular No. 02, dated January 13, 2014 in terms of which ADs are allowed to furnish bank guarantees/performance bonds not exceeding Saudi Riyal 1,00,000 on behalf of approved Umrah agents in favor of official umrah service agents/providers of Kingdom of Saudi Arabia (KSA).
02. It has now been decided that limit of the aforementioned guarantees/performance bonds
has been enhanced to Saudi Riyal 2,00,000.

  1. Other instructions contained in the FE Circular No. 02, dated January 13, 2014 shall remain
    unchanged.
    Please bring the content of this circular letter to the notice of all concerned. Yours faithfully, (Md. Zakir Hossain Chowdhury) Deputy General Manager Phone:9530250

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Issuance of Umrah Hajj Guaranteesin foreign currency2014 · BBIssuance of Umrah Hajj Guarantees in foreign currency (2014-01-13)Enhancement of Umrah HajjGuarantee Limit to Saudi Riya…2016-03-23 · this documentEnhancement of Umrah Hajj Guarantee Limit to Saudi Riyal 200,000 (2016-03-23)
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Amends
  • Issuance of Umrah Hajj Guarantees in foreign currency2014 · BB

    “ioned guarantees/performance bonds has been enhanced to Saudi Riyal 2,00,000. 03. Other instructions contained in the FE Circular No. 02, dated January 13, 2014 shall remain unchanged. Please brin”

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This document amends: Issuance of Umrah Hajj Guarantees in foreign currency

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