RegAlertRule · BB · 27 Jul 2016
FEPD Circular No. 20: Payments through Asian Clearing Union (ACU)
Authorised Dealers in Bangladesh are advised to temporarily suspend operations in 'ACU Euro' due to the suspension of the payment channel by some correspondents. All eligible current account transactions in 'ACU Euro' are permitted to be settled outside the Asian Clearing Union mechanism until further notice. These instructions come into effect immediately.
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FEPD Circular No. 20 Date: 27 July, 2016
All Authorized Dealers of Foreign Exchange in Bangladesh.
Dear Sirs,
Attention of the Authorised Dealers (ADs) is invited to the Para No. 2, Chapter 3 of the Guidelines for Foreign Exchange Transactions (GFET) 2009 (Vol-1) regarding instructions for payment settlement through ACU mechanism in either 'ACU Dollar' or in 'ACU Euro'. Payments through Asian Clearing Union (ACU)
2. As the payment channel for processing 'ACU Euro' transactions has been suspended by some
correspondents, Authorised Dealers are advised to suspend operations in 'ACU Euro' temporarily. Accordingly, all eligible current account transactions in 'ACU Euro' are permitted to be settled outside the ACU mechanism until further notice. Instructions of this circular will come into effect immediately. Please bring the contents of this circular to the notice of all concerned. Yours faithfully, (Jagannath Chandra Ghosh) Deputy General Manager Phone: 9530092
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Lineage: Amended
A newer document in RegAlert amends this one; it applies as amended.
The links and the sentences they come from (1)
- Amended by
“read with FE Circular No. 20, dated July 27, 2016 in terms of which ADs were advised to suspend operations in 'ACU Euro' temporarily until further notice.”
Timeline
Amended 1 time · last 2018-01-18
- 2018-01-18
BBFE Circular No. 01: Payments through Asian Clearing Union (ACU)amends
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