Regulatory Alerts2020-06-21
Added · Updated
FEPD Circular No. 23: Discounting of direct and deemed export bills in foreign exchange out of own sources
Authorized Dealers in Foreign Exchange in Bangladesh are permitted to discount usance export bills, including direct and deemed exports, in foreign exchange using their own funds, provided the funds are not committed for other uses. This authorization supplements existing provisions allowing the arrangement of funds through correspondent banks, financial institutions abroad, or international financing institutions. All other instructions, including those regarding costs to exporters under FE Circular No. 19 dated 5 May 2019, remain unchanged.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.
Topics
fx
Share