Regulatory Alerts2026-05-11
Added · Updated
Payment Against Usance Bills Through Purchases
Bangladesh Bank’s Foreign Exchange Policy Department has amended FE Circular No. 33/2025 to authorize Authorized Dealers to purchase or discount accepted usance and deferred import bills prior to maturity. This provision enables banks to make immediate foreign currency or non-resident Taka payments to beneficiaries against inland back-to-back letters of credit. The directive explicitly classifies these early settlements as credit extensions to local parties, requiring banks to apply standard due diligence and established banker-customer practices.
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