FEPD Circular Letter No. 15: Delivery of the NRB remittances to their beneficiaries

Foreign Exchange Policy Department Bangladesh Bank Head Office, Dhaka-1000. Ref No.: FEPD Circular Letter No. 15 Date: July 16, 2014 Shraban 01, 1421

To: All Authorized Dealer Banks engaged in Foreign Exchange Transactions Head Office / Principal Office.

Dear Sir,

Subject: Distribution of Remittances to their Beneficiaries.

Reference is invited to Clause 3(c) of Circular Letter No. FEPD(LD-1)147/2007-1468 dated October 29, 2007, issued by this Department regarding "Policy on Establishing Drawing Arrangements between Banks in Bangladesh and Exchange Houses Abroad."

In order to facilitate the flow of remittances, the time limit for distribution of remittances received by authorized beneficiaries under the drawing arrangement is hereby revised from 72 hours to a maximum of 02 (two) working days.

You are requested to inform all concerned to comply with the above instructions immediately.

Yours faithfully,

(Jagannath Chandra Ghosh) Deputy General Manager Phone: 9530092