Regulatory Alerts2025-02-09
Added
FEPD Circular Letter No. 06: Retention of export proceeds in back to back settlement pool
Authorized Dealers are permitted to transfer unencumbered funds from their foreign currency back to back settlement pool to other Authorized Dealers for the bona fide use of exporters and their sister concerns, provided the transfer does not exceed the Exporter’s Retention Quota entitlement. While the value added portion may be retained in the foreign currency pool for thirty days to settle bona fide payment obligations, any unused funds must be compulsorily encashed in Taka immediately after the thirty-day period expires. This directive applies to all Authorized Dealers in Bangladesh and requires them to notify their relevant customers of these provisions.
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