Regulatory Alerts2012-10-15
Added · Updated
Enhancement of Upper Limit for LC Value Without SWIFT to USD 7,500 for Coal Imports via Land Port
The upper limit for the value of a Letter of Credit (LC) issued without a SWIFT message for the import of coal through a land port is enhanced from USD 6,000 to USD 7,500. This change relaxes previous instructions contained in FE Circular No. 01/2010 and paragraph 21(i)(f), chapter 7 of the Guidelines for Foreign Exchange Transactions-2009, Vol. 1. The revised instruction applies to Authorized Dealers of Foreign Exchange in Bangladesh and comes into immediate effect.
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