FEID Circular Letter No. 02: Placement of fund from Offshore Banking Operations to Domestic Banking Units

Offshore Banking Operations may place funds to their Domestic Banking Units for a tenure of six months with a limit not exceeding 25% of the bank's total regulatory capital. This placement is authorized to settle import payments for capital machinery, industrial raw materials, and government imports. The relaxation remains valid until December 31, 2022.

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Foreign Exchange Investment Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FEID Circular Letter No. 02 Date: 14 July, 2022 Head offices/principal offices of all Authorized Dealers in Bangladesh Dear Sirs, Placement of fund from Offshore Banking Operations to Domestic Banking Units Please refer to paragraph 7.3 of BRPD Circular No. 02 dated February 25, 2019 regarding the limitation to place fund to Domestic Banking Units (DBUs).
02. To facilitate external transactions by DBUs, Offshore Banking Operations, keeping
its own business and obligations uninterrupted, may place funds to their DBUs for the tenure of 6 (six) months with a limit not exceeding 25% of total regulatory capital of the bank to settle the import payment of capital machinery, industrial raw materials and imports by the government. This relaxation shall remain valid for placement of funds to DBUs till December 31, 2022. You are advised to bring the contents of this circular letter to the notice of your Offshore Banking Operations. Yours faithfully, (Jagannath Chandra Ghosh) Director (FEID) Phone: 9530144

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Timeline

Amended 1 time · last 2023-01-04

2023-01-04BBFEID Circular Letter No. 01: Time extension for placement of fund from Offshore Banking Operations to Domestic Banking Unitsamends

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