FEPD Circular Letter No. 23: Usance import under purchases/sales contracts — BB — BD

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular Letter No. 23 Date: June 24, 2025
Head offices/principal offices of all
Authorized Dealers in Bangladesh
Dear Sirs,
Usance import under purchases/sales contracts
Please refer to FE Circular No. 24 of October 24, 2024 regarding the operational formalities to be followed by Authorized Dealers (ADs) for facilitating import transactions under purchases/sales contracts. As a part of formalities, the circular requires reporting of the relevant purchases/sales contracts to Bangladesh Bank as per FE Circular No. 29 of October 20, 2022.
02. It is observed that ADs are reluctant to facilitate import transactions under
purchases/sales contracts considering themselves to be responsible for effecting payments as per paragraph 3 of FE Circular No. 29/2022. This is to clarify that ADs do not take exposure on importers against imports under purchases/sales contracts. They need to observe procedural formalities to effect payments from the fund made available by importers. In case of nonpayment by importers, ADs shall comply with the provision at paragraph 1(c)(iv) of FE Circular No. 24/2024. Accordingly, past performances of importers as per 1(c)(i) of the referenced circular shall mean payment behavior, if any, of importers regarding import payment settlement under purchases/sales contracts. Other relevant provisions shall remain unchanged. You are advised to facilitate import transactions under purchases/sales contracts in terms of FE Circular No. 24/2024. Yours faithfully,

(Md. Harun-Ar-Rashid)
Director (FEPD)
Phone: 9530123

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Transactional procedures for import trade on phase-out of LCAF2022 · BB
“s under purchases/sales contracts considering themselves to be responsible for effecting payments as per paragraph 3 of FE Circular No. 29/2022. This is to clarify that ADs do not take exposure on i”

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Refers to

FEPD Circular No. 24: Usance import under purchases/sales contracts2024 · BB
“ffices of all Authorized Dealers in Bangladesh Dear Sirs, Usance import under purchases/sales contracts Please refer to FE Circular No. 24 of October 24, 2024 regarding the operational formalities t”