Regulatory Alerts2020-06-17
Added · Updated
FEPD Letter FEPD(A&NFBP)/101/2020-2940: Updates on foreign exchange transactions
The Foreign Exchange Policy Department of Bangladesh Bank directs all Approved Dealer Banks to ensure their staff are fully informed about the current liberalized foreign exchange transaction framework and to provide accurate information to customers and foreign investors. The circular addresses the issue of banks providing misleading information, including incorrect claims that Bangladesh Bank approval is required for authorized transactions. Banks are instructed to cooperate with relevant parties and correct any misconceptions that could hinder economic progress or investment.
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