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.
“Translated into English” Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bangladeshbank.org.bd FE Circular No. 01 Dated: February 01, 2010 All Authorized Dealers in Foreign Exchange in Bangladesh Dear Sirs,
Enhancement of upper limit of LC value issued without using SWIFT to USD 6,000/- from USD 5,000/- for import of coal through land port Attention of the Authorized Dealers (ADs) to paragraph 21(i)(f), chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET). 02. It has been decided to relax the instructions of the guidelines mentioned above and so upper limit of LC value issued without using SWIFT for import of coal through land port has been enhanced to USD 6,000/- from USD 5,000/-. 03. The above instruction will come into immediate effect. Please acknowledge receipt and bring the matter to the notice of all concerned.
Yours faithfully, Sd/- (Khandaker Abdus Salim) Deputy General Manager Phone: 7120375
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