Regulatory Alerts2022-05-29
Added
FEPD Circular Letter No. 18: Transfer of export proceeds to Authorized Dealers designated for export transactions
Authorized Dealers repatriating export proceeds must transfer foreign currency funds to Authorized Dealers designated for export transactions, including cases involving export bill discounting, early payment arrangements, offshore banking operations, or buying agents. This transfer must be executed by the following business day after completion of the relevant transactions through FC clearing accounts maintained with Bangladesh Bank. Upon receipt, designated Authorized Dealers are required to convert the encashable portion of the foreign currency into Taka and credit the exporters' accounts by the following business day.
Topics
fx
payments
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