Minimum threshold amount for transaction through central banks under Asian Clearing Union arrangement

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular No. - 01 Date: 11 January, 2016 All Authorized Dealers of Foreign Exchange in Bangladesh. Dear Sirs, Minimum threshold amount for transaction through central banks under Asian Clearing Union (ACU) arrangement Attention of the Authorised Dealers (ADs) is invited to the Para No. 2 (b), Chapter 3 of the Guidelines for Foreign Exchange Transactions (GFET) 2009 (Vol‐1); FE Circular No. 19, Dated 05 October, 2009 and FE Circular No. 10 Dated 04 March, 2014 regarding instructions for payment settlement through ACU mechanism. 2. As per the decision made in the 44th ACU Board of Directors Meeting held on 13 June, 2015, the minimum threshold amount to be routed through ACU member central banks under ACU arrangement has been set at ACU Dollar or ACU Euro 500 (Five hundred). 3. Other instructions in this regards will remain unchanged. Instructions of this circular will come into force immediately. Please bring the contents of this circular to the notice of all concerned. This circular has been issued in exercise of the power conferred by Section 20(3) of Foreign Exchange Regulation Act, 1947 (as amended upto 9 September, 2015). Yours Faithfully, (Jagannath Chandra Ghosh) Deputy General Manager Phone: 9530092