Regulatory Alerts2022-05-16
Added
FEPD Letter No 101: Outward remittances from balances held in foreign currency accounts maintained by non-resident Bangladeshis/persons residing abroad
The document announces a press release permitting non-resident Bangladeshis and persons residing abroad to freely transfer balances from their private foreign currency accounts or non-resident foreign currency deposit accounts held at approved dealer banks in Bangladesh to overseas destinations via banking channels without requiring prior approval from Bangladesh Bank. It also clarifies that account holders may withdraw up to five thousand US dollars in cash or other foreign currencies as needed when leaving the country, subject to available balances. The letter directs all approved dealer banks to take necessary action and disseminate this information.
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