FEPD Circular Letter No. 17: Disbursement of NRB remittances to their beneficiaries

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka.

Ref No. FEPD Circular Letter No. 17 Date: --------------------- To:
All Approved Dealers engaged in Foreign Exchange Transactions Head Office/Principal Office.

Dear Sir,

Subject: Disbursement of Remittances from Non-Resident Bangladeshis to their Beneficiaries.

Reference is invited to this Department's FEPD Circular Letter No. 15 dated 16/07/2014 issued regarding "Disbursement of Remittances from Non-Resident Bangladeshis to their Beneficiaries."

It has recently been observed that the instructions contained in FEPD Circular Letter No. 15, dated 16/07/2014, regarding the disbursement of remittances from Non-Resident Bangladeshis to their beneficiaries are not being complied with correctly. In accordance with the instructions contained in FEPD Circular Letter No. 15, dated 16/07/2014, you are hereby directed to ensure that remittances from Non-Resident Bangladeshis are disbursed to the beneficiaries correctly within the stipulated time limit of two working days.

You are requested to inform all concerned parties immediately to ensure prompt compliance with the above instructions.

Yours faithfully,

(Md. Sarowar Hossain)
Director (FEPD)
Phone: 9530123

Ref No. 02, 1430
October 18, 2023