Regulatory Alerts2016-08-09
Added · Updated
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.
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
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