Regulatory Alerts2020-11-18
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FEPD Circular No. 49: Relaxation of foreign exchange regulations for trade transactions - extended facilities
The extended period for realization of export proceeds, previously applicable only to readymade garments and textile goods, is now extended to all sectors until March 31, 2021. This relaxation applies depending on necessity and remains in effect due to the ongoing Covid-19 pandemic. Other relevant instructions regarding export proceeds realization remain unchanged.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular No. 49 Date: November 18, 2020 All Authorized Dealers in Foreign Exchange in Bangladesh Dear Sirs, Relaxation of foreign exchange regulations for trade transactions – extended facilities Please refer to FE Circular No. 13, dated March 19, 2020 read with FE Circular No. 30, dated July 23, 2020 regarding enhancement of the tenure to realize export proceeds up to 210 days for exports of readymade garments and textile goods, inter alia. 02. Given the ongoing situation due to Covid-19 pandemic, it has now been decided that extended period for realization of export proceeds shall equally be applicable for all sectors, depending on the necessity, till March 31, 2021. Other relevant instruction in this regard shall remain unchanged. Please bring the content of this circular to the notice of your concerned clientele. Yours faithfully, (Mohammad Khurshid Wahab) General Manager Phone: 9530123
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