Regulatory Alerts2020-06-16
Added · Updated
FEPD Circular No. 22: Issuance of international debit cards against annual travel entitlements
Authorized Dealers may issue international debit cards to eligible persons against their annual travel entitlements, subject to specific operational instructions. Authorized Dealers must ensure that foreign exchange expenses do not exceed the passport endorsement amount, maintain sufficient local currency funds or margin accounts, and verify that these cards are mutually exclusive with existing international credit or pre-paid cards. The authorization is effective immediately and applies to all Authorized Dealers in Foreign Exchange in Bangladesh.
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