Regulatory Alerts2019-09-11
Added · Updated
FEPD Circular No. 34: Repatriation of export proceeds through Online Payment Gateway Service Providers
The maximum limit for repatriating remittances against small value service exports in non-physical form through Online Payment Gateway Service Providers is enhanced from USD 5,000 to USD 10,000 per transaction. This amendment applies to Authorized Dealers in Foreign Exchange in Bangladesh and modifies the provisions previously set in FE Circular No. 44 dated December 28, 2017. All other instructions regarding this context remain unchanged.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular No. 34 Date: September 11, 2019 All Authorized Dealers in Foreign Exchange in Bangladesh Dear Sirs, Repatriation of export proceeds through Online Payment Gateway Service Providers Please refer to FE Circular No. 44, dated December 28, 2017 in terms of which Authorized Dealers (ADs) are allowed to repatriate remittances against small value service exports in non-physical form upto USD 5,000 per transaction through Online Payment Gateway Service Providers (OPGSPs). 02. It has been decided to enhance the maximum limit per transaction to USD 10,000 from USD 5,000. Other instructions in this context shall remain unchanged. Please bring the content of this circular to the notice of all concerned. Yours faithfully, (Mohammad Khurshid Wahab) General Manager Phone: 9530123
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