Regulatory Alerts2024-05-20
Added
FEPD Circular Letter No. 07: Realization of export proceeds
The instruction contained in FE Circular No. 04/2023, which required Authorized Dealers to apply the exchange rate of the due date instead of the prevailing exchange rate for encashment of delayed export proceeds, is revoked with immediate effect. Authorized Dealers are advised to bring this revocation to the notice of their concerned customers.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular Letter No. 07 Date: May 20, 2024 Managing Directors/CEOs All Scheduled Banks in Bangladesh Dear Sirs, Realization of export proceeds Please refer to FE Circular No 04, dated March 06, 2023 in terms of which Authorized Dealers (ADs) need to apply exchange rate of the due date instead of prevailing exchange rate in case of encashment of delayed export proceeds. 2. Considering the market scenario, the instructions contained in FE Circular No. 04/2023 are revoked with immediate effect. ADs are advised to bring the above instructions to the notice of their customer concerned. Yours faithfully,
(Md. Sarwar Hossain) Director (FEPD) Phone: 9530123