Regulatory Alerts2010-02-01
Added · Updated
Enhancement of upper limit of LC value issued without using SWIFT to USD 6,000/- for import of coal through land port
The upper limit for the value of letters of credit issued without using SWIFT for the import of coal through land ports is increased from USD 5,000 to USD 6,000. This change relaxes the instructions previously set out in paragraph 21(i)(f) of chapter 7 of the Guidelines for Foreign Exchange Transactions. The revised limit applies immediately to all Authorized Dealers in Foreign Exchange in Bangladesh.
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