RegAlertRule · BB · 11 Nov 2024
FEPD Circular No. 29: Import transactions under usance terms
Authorized Dealers in Foreign Exchange in Bangladesh are permitted to allow imports of rice, wheat, onion, pulse, edible oil, sugar, egg, chickpea, pea, spices, and dates on usance terms for up to 90 days under supplier’s or buyer’s credit. This authorization is effective until March 31, 2025. Other relevant instructions regarding these transactions remain unchanged.
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular No.29 Date: November 11, 2024
All Authorized Dealers in
Foreign Exchange in Bangladesh
Dear Sirs,
Import transactions under usance terms.
Please refer to paragraph 33(a), Chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol-1 and its subsequent circulars in terms of which specified items are permissible for import on deferred payment/usance basis.
02. In order to maintain the price at reasonable level and smooth supply of necessary food
items during the holy month of Ramadan, it has been decided to allow import of rice, wheat, onion, pulse, edible oil, sugar, egg, chickpea, pea, spices and dates on usance terms on upto 90 days under supplier’s/buyer’s credit. Other relevant instructions in this regard shall remain unchanged. Please bring the contents of the circular, effective till March 31, 2025, to the notice of your relevant clientele. Yours faithfully, (Md. Harun-Ar-Rashid) Director (FEPD) Phone: 9530123
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The links and the sentences they come from (1)
- Issued under
- Guideline of 2018Not in RegAlert
“Please refer to paragraph 33(a), Chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol-1 and its subsequent circulars”
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