RegAlertRule · BB · 26 Jun 2019
FEPD Circular Letter No. 15: Business travel quota entitlements for local agents
The facility for foreign exchange quota for business travel abroad is extended to local agents operating in Bangladesh on behalf of foreign principals, including those who are not licensed indenting or buying agents. Authorized Dealers must verify the bonafide of these agents through valid agency agreements and other relevant documents before releasing foreign exchange. Other existing instructions regarding this matter remain unchanged.
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular Letter No. 15 Date: 26/06/2019
Head offices/principal offices of
All Authorized Dealers in Bangladesh
Dear Sirs,
Business travel quota entitlements for local agents In terms of paragraph 7, chapter 12 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1, exporters, manufacturers for domestic markets and importers are entitled to foreign exchange quota for business travel abroad.
02. It has now been decided that the above mentioned facility shall also be applicable for local
agents operating in Bangladesh on behalf of foreign principals without limiting to licensed indenting agents and buying agents. Before releasing foreign exchange on account of business travel, Authorized Dealers shall satisfy themselves regarding bonafide of agents through valid agency agreements and other relevant documents. Other instructions in this regard shall remain unchanged. Please bring the above instructions to the notice of all concerned constituents. Yours faithfully, (Mohammad Khurshid Wahab) General Manager Phone: 9530123
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The links and the sentences they come from (1)
- Issued under
- FEPD Guideline of 2018Not in RegAlert
“In terms of paragraph 7, chapter 12 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1”
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