Regulatory Alerts2024-09-25
Added · Updated
FEPD Circular Letter No. 14: Settlement of payments for current account transactions under ACU mechanism
Authorized Dealers in Foreign Exchange in Bangladesh are required to settle payments for current account transactions with ACU member countries using the ACU mechanism as outlined in Paragraph 2, Chapter 3 of the Guidelines for Foreign Exchange Transactions-2018. The directive explicitly prohibits the continued use of traditional payment mechanisms for these transactions and mandates adherence to the ACU framework. This requirement applies to transactions involving ACU member countries including India, Iran, Nepal, Pakistan, Sri Lanka, Myanmar, Bhutan, and Maldives.
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fx
payments
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