Regulatory Alerts2020-11-17
Added · Updated
FEPD Circular Letter No. 39: Repatriation of balances held in foreign currency accounts
Bangladesh Bank reiterates that balances held in foreign currency accounts maintained under general authorization by eligible persons are freely repatriable abroad without requiring approval from the central bank. The directive instructs Authorized Dealer banks to facilitate these fund repatriations without creating any obstacles, addressing instances where accountholders faced unnecessary harassment. This guidance applies to all Authorized Dealers in Bangladesh and references paragraphs 1(iii), 17, and 22 of Chapter 13 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1.
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