RegAlert
2020-06-24

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FEPD Circular Letter No. 25: Settlement of payment against inland LCs in foreign exchange

Authorized Dealers in Bangladesh are permitted to continue settling admissible local payments in foreign exchange through their nostro accounts until September 30, 2020. This authorization extends to the transfer of payments locally as specified in paragraph 28(A)(ii) of chapter 13 of the Guidelines for Foreign Exchange Transactions-2018 and FE Circular No. 10, dated April 15, 2018. The directive applies to operations conducted on general holidays.

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Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular Letter No. 25 Date: June 24, 2020 Head offices/principal offices of all Authorized Dealers in Bangladesh Dear Sirs, Settlement of payment against inland LCs in foreign exchange Please refer to FE Circular Letter No. 14, dated April 20, 2020 in terms of which Authorized Dealers (ADs) are permitted to settle inland LCs through their nostro accounts during the banking operation in limited scale on general holidays. It has been decided that the instructions for settlement of admissible local payments in foreign exchange shall continue till September 30, 2020. This authorization shall also be applicable for transfer of payments locally as per paragraph 28(A)(ii), chapter 13 of the Guidelines for Foreign Exchange Transactions-2018 and FE Circular No. 10, dated April 15, 2018. Please bring the contents of this circular letter to the notice of your concerned clientele. Yours faithfully, (Mohammad Khurshid Wahab) General Manager Phone: 9530123

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Use of balances held in single …2018Use of balances held in single pool for 30 days (2018-04-15)Settlement of payment against i…2020Settlement of payment against inland LCs in foreign exchange (2020-04-20)FEPD Circular Letter No. 25:Settlement of payment against…2020-06-24 · this documentFEPD Circular Letter No. 25: Settlement of payment against inland LCs in foreign exchange (2020-06-24)Relaxation of foreign exchange …2020Relaxation of foreign exchange regulations for trade transactions - extended facilities (2020-10-06)
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This document amends: Settlement of payment against inland LCs in foreign exchange

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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