Regulatory Alerts2021-05-02
Added
FEPD Circular No. 17: Remittance facilities to e-commerce traders
Authorized Dealers in Foreign Exchange in Bangladesh may allow annual remittance facilities of USD 10,000 or its equivalent to member firms of the e-Commerce Association of Bangladesh (e-CAB) for bonafide current expenses abroad. This limit includes aggregate refills to refillable international credit or pre-paid cards, which may be issued with up to USD 2,000 to a nominated official, and transactions must be executed by a single nominated AD bank branch. The authorization excludes outward remittances for royalty, technical knowledge, technical assistance, or franchise fees, which remain governed by separate BIDA guidelines.
Topics
fx
payments
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