Regulatory Alerts2023-10-18
Added
FEPD Circular Letter No. 17: Disbursement of NRB remittances to their beneficiaries
The Foreign Exchange Policy Department of Bangladesh Bank directs all Approved Dealers to ensure that remittances from non-resident Bangladeshis are disbursed to the rightful beneficiaries within two working days, as previously mandated in Circular Letter No. 15 dated July 16, 2014. This directive addresses recent observations that the two-day disbursement timeline is not being strictly adhered to. Approved Dealers are instructed to immediately implement these guidelines and notify all relevant parties of this requirement.
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