Regulatory Alerts2014-06-15
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FEPD Circular Letter No. 11: Opening of LC for import of consumer goods
The Department of Foreign Exchange Policy of Bangladesh Bank advises all approved dealer banks to provide full cooperation to importers of essential goods to facilitate the establishment of Letters of Credit through normal credit procedures. This directive aims to ensure that prices of essential items remain affordable during the upcoming Ramadan period.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka-1000.
Ref. No. FEPD(Import Policy)123/2014-11 Date: 15 June, 2014
To, The Head Office / Principal Office of all Approved Dealer Banks engaged in Foreign Exchange Transactions.
Dear Sirs,
Regarding the facilitation of opening Letters of Credit (LC) for the import of essential goods.
In order to keep the prices of essential goods affordable during the upcoming Ramadan, you are advised to provide all possible cooperation to the importers of such goods so that they can establish LCs by availing necessary credit facilities through normal procedures.
Yours faithfully,
(Md. Zakir Hossain Chowdhury) Deputy General Manager Phone: 9530250
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