Regulatory Alerts2021-05-20
Added
FEPD Circular Letter No. 12: Foreign Currency Accounts for Firms Executing Local Projects
Authorized Dealers in Bangladesh are permitted to open foreign currency accounts in the names of local and joint venture contracting firms employed by foreign or international agencies to execute projects under paragraph 4, chapter 13 of the Guidelines for Foreign Exchange Transactions-2018. This circular clarifies that such accounts may be opened for these specific firms executing projects under the purview of the referenced guidelines.
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fx
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