FEPD Circular Letter No. 01: Use of Foreign Currency obtained from discounting of direct/deemed export bills — BB — BD

“Translated into English”
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka. www.bb.org.bd
Circular Latter No.FEPD (Import) 123/2014-01 Date: January 27, 2014 Head Office/Principle Offices of All Authorized Dealer banks Dear Sirs, Use of foreign exchange received through discounting of usance direct/deemed export bills Please refer to paragraphs 39(i), chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2009, Vol-1. Authorized dealer banks are hereby advised that balance of foreign exchange, if any, after payment of back to back LCs of concerned exports from discounting of usance direct/deemed export bills in terms of FE Circular No. 03/2013 may be retained in single pool as per instruction of GFET stipulated in paragraph above. The retained fund in single pool will be used for future import payments including back to back liabilities. Please bring the matter to the notice of all concerned. Yours faithfully, Sd/- (Md. Jahirul Hoq) Deputy General Manager Phone: 9512604

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Issued under

FEPD Circular No. 03: Discounting of Direct/Deemed Export Bills in Foreign Currencies2013 · BB
“fter payment of back to back LCs of concerned exports from discounting of usance direct/deemed export bills in terms of FE Circular No. 03/2013 may be retained in single pool as per instruction of G”