Regulatory Alerts2019-05-30
Added · Updated
Extension of validity period of Bangladesh Bank's approval for outward remittance
The validity period for authorizations to sell foreign exchange for outward remittances is extended from 30 days to 45 days from the date of approval. This change applies to all Authorized Dealers in Bangladesh and modifies the requirement previously set in paragraph 6, chapter 5 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol-1. All other existing instructions regarding these transactions remain unchanged.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular Letter No. : 11 Date: 30th May, 2019 Head offices/Principal offices of All Authorized Dealers in Bangladesh Dear Sirs, Extension of validity period of Bangladesh Bank’s approval for outward remittance Please refer to paragraph 6, chapter 5 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol-1 in terms of which all authorisations for selling foreign exchange for outward remittances given by the Bangladesh Bank remain valid for a period not exceeding 30 (thirty) days from the date of approval. 02. To facilitate the transactions, it has been decided to extend the validity period mentioned above from 30 days to 45 days. Other instructions in this regard shall remain unchanged. Please bring the contents of this circular letter to the notice of all concerned constituents. Yours faithfully,
(Mohammad Khurshid Wahab) General Manager Phone: 9530123
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