Regulatory Alerts2022-12-29
Added
FEPD Circular Letter No. 47: Regarding approved 'Open Position Limit'
The approved Open Position Limit for Authorized Dealer banks, established on 14 July 2022, remains unchanged until further instructions are issued. This directive applies to the head offices and principal offices of all Authorized Dealers in Bangladesh regarding their overall net exchange position maintenance under the Guidelines for Foreign Exchange Transactions (GFET), 2018.
BANGLADESH BANK (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh www.bb.org.bd Foreign Exchange Policy Department FE Circular Letter No. 47 Date: December 29, 2022 Head offices/principal offices of all Authorized Dealers in Bangladesh Dear Sirs, Regarding approved ‘Open Position Limit’ Please refer to the instructions given in Paragraph 3 & 4, Section 1, Chapter 4, Volume-1 and Paragraph 22(A), Chapter 2, Volume-2 of the Guidelines for Foreign Exchange Transactions (GFET), 2018 for maintaining overall exposures in foreign currencies (overall net exchange position) within the ‘Open Position Limit’. 02. The ‘Open Position Limit’ of AD banks approved by Bangladesh Bank on 14 July, 2022 shall remain the same until further instructions. Please bring the contents of this circular to the notice of all concerned. Yours faithfully, (Md. Sarwar Hossain) Director (FEPD) Phone: 9530123