FEPD Circular No. 21: Repatriation of export proceeds through Online Payment Gateway Service Providers

The maximum limit per transaction for the repatriation of service export-related payments through Online Payment Gateway Service Providers is increased from USD 2,000 to USD 5,000. This amendment applies to Authorized Dealers of Foreign Exchange in Bangladesh and modifies the previous instructions set out in FE Circular No. 15 and FE Circular No. 8. All other existing instructions regarding this context remain unchanged.

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Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka. www.bb.org.bd
FE Circular No. 21 Date: August 09 , 2016 All Authorized Dealers of Foreign Exchange in Bangladesh Dear Sirs, Repatriation of export proceeds through Online Payment Gateway Service Providers Attention of Authorized Dealers is invited to FE Circular No. 15, dated August 07, 2011, read with FE Circular No. 8, dated August 07, 2012 regarding repatriation of service export related payment through Online Payment Gateway Service Providers (OPGSPs).
02. It has been decided to enhance the maximum limit per transaction from USD 2,000 to
USD 5,000.
03. Other instructions in this context shall remain unchanged.
Please bring the content of this circular to the notice of all concerned. Yours faithfully,

(Md. Zakir Hossain Chowdhury)
Deputy General Manager
Phone: 9530250

Lineage: In force

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Timeline

This document amends: FEPD Circular No. 08: Repatriation of export proceeds through Online Payment Gateway Service Providers, FEPD Circular No. 15: Repatriation of export proceeds through online payment gateway service providers

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