Regulatory Alerts2011-09-28
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FEPD Circular Letter No. 14 : Clearing arrangement with Bangladesh Bank in Canadian Dollar
Authorized Dealers are permitted to open foreign currency clearing accounts with Bangladesh Bank in Canadian Dollar. This authorization applies to the operational procedures previously established for US Dollar, Pound Sterling, Euro, and Japanese Yen accounts under paragraph 3(a), chapter 3 of Guidelines for Foreign Exchange Transactions (GFET), Vol-1 (Edition-2009). All other instructions within that paragraph remain unchanged.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. Web site: www.bb.org.bd FE circular letter No. 14 Date: September 28 , 2011 Head Offices/Principal Offices of all Authorized Dealers Banks in Bangladesh Dear Sirs, Clearing arrangement with Bangladesh Bank in Canadian Dollar Attention of the Authorized Dealers (ADs) is invited to paragraph 3(a), chapter 3 of Guidelines for Foreign Exchange Transactions (GFET), Vol-1 (Edition-2009) regarding the operational procedures to maintain foreign currency clearing account with Bangladesh Bank in US Dollar, Pound Sterling, Euro and Japanese Yen. It has now been decided that AD may open foreign currency clearing account with Bangladesh Bank in Canadian Dollar also. Other instructions of the paragraph mentioned above will remain unchanged. Please bring the content of this circular to the notice of all concerned. Yours faithfully, (Sd/-) (Mohammad Golam Haider) Deputy General Manager Phone: 9512607
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