RegAlert
2025-01-20

Added · Updated

Extension of usance period against imports of industrial raw materials

The usance tenure for imports of industrial raw materials, including back-to-back imports and imports of agricultural implements and chemical fertilizers, is extended to 360 days until December 31, 2025. This extended period applies to suppliers’ and buyers’ credit under the Guidelines for Foreign Exchange Transactions-2018 but is explicitly excluded for imports under EDF loans. Authorized Dealers must observe the payment behavior framework outlined in FE Circular No. 30 and are prohibited from extending foreign currency exposure for relevant usance imports beyond the prescribed period.

Bangladesh Bank logo

Bangladesh

Bangladesh Bank

Scan of the document's first page
Share

Get BB alerts — same-day email on every new publication.

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular No. 8 Date: January 20, 2025
All Authorized Dealers in
Foreign Exchange in Bangladesh
Dear Sirs,
Extension of usance period against imports of industrial raw materials Please refer to FE Circular No. 13, dated June 30, 2024 regarding extension of usance period to 360 days from 180 days for import of industrial raw materials including back to back imports and imports of agricultural implements and chemical fertilizers under suppliers’/buyers’ credit as per paragraph 33(a)(ii) and 33(a)(iv), chapter 7 of the Guidelines for Foreign Exchange Transactions￾2018, Vol.-1.
02. It has been decided to continue the usance tenure of 360 days till December 31, 2025. The
extended usance period will not be applicable for imports under EDF loans as earlier.
03. In all cases, ADs shall observe payment behavior framework as outlined at FE Circular
No. 30, dated November 12, 2024. Exposure by ADs for relevant usance imports shall not be extendable in foreign currency to importer-borrowers beyond the prescribed period. Other relevant instructions shall remain unchanged. Please bring the contents of this circular to the notice of your relevant customers.

Yours faithfully,
(Md. Harun-Ar-Rashid)
Director (FEPD)
Phone: 9530123

Read the rest free

Lineage: In force

Extension of usance period agai…2024Extension of usance period against imports of industrial raw materials (2024-06-30)FEPD Circular No. 30: Timely Se…2024FEPD Circular No. 30: Timely Settlement of Import Payments (2024-11-12)Extension of usance periodagainst imports of industrial…2025-01-20 · this documentExtension of usance period against imports of industrial raw materials (2025-01-20)FE Circular Letter No. 27: Exte…2025FE Circular Letter No. 27: Extension of usance period against imports of industrial raw materials (2025-08-18)FEPD Circular No. 51: Extension…2025FEPD Circular No. 51: Extension of usance period against imports of industrial raw materials (2025-12-29)
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

This document amends: Extension of usance period against imports of industrial raw materials

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

More like this from BB

We email you every new BB publication the day it's published.

Topics
fx

FX rules change often. Get an email the day any regulator we track changes its foreign-exchange rules.