RegAlertRule · BB · 19 Apr 2020
FEPD Circular Letter No. 13: Necessary arrangement for continuation of production, transport and supply chain of essential commodities during COVID-19 epidemic
The Bangladesh Bank's Foreign Exchange Policy Department requests all Authorized Dealer Banks to provide necessary banking cooperation to ensure the continuation of production, transportation, and supply chain for essential and daily use commodities during the COVID-19 outbreak, in line with a Ministry of Commerce letter. The circular also reminds banks to adhere to the guidelines outlined in Circular Letter No. 12, dated April 12, 2020, regarding the release of goods and settlement of import liabilities against documents received directly from importers, as per the Guidelines for Foreign Exchange Transactions-2018. Banks are further instructed to inform all relevant parties about these matters.
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka. www.bb.org.bd
Circular Letter No. 13 Date: April 19, 2020
To:
Head Offices/Principal Offices of all Authorized Dealer Banks engaged in foreign exchange transactions.
Dear Sir/Madam,
Subject: Regarding providing instructions for cooperation to continue the production, transportation, and supply chain of essential commodities and other daily use items in the context of the COVID-19 outbreak. Attention is drawn to the Ministry of Commerce's letter No. 26.00.0000.113.59.013.18/65 dated April 16, 2020 (copy attached) on the subject mentioned in the title. It is noted that through Circular Letter No. 12, dated April 12, 2020, you were requested to take due measures in accordance with the instructions described in paragraph 26 of Chapter 7 of the Guidelines for Foreign Exchange Transactions-2018 regarding the release of goods and settlement of import liabilities against documents received directly from the importer. In light of the instructions conveyed in the Ministry of Commerce's letter, you are requested to provide necessary cooperation in banking-related matters and inform all relevant parties about this matter. Yours faithfully, Attachment: As described. (Mohammad Khurshid Wahab) General Manager Phone: 9530123
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Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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