RegAlertRule · BB · 12 Apr 2020
Quarterly repayment for imports under supplier's/buyer's credit - relaxation
Bullet repayment is now permissible for usance imports under supplier’s/buyer’s credit admissible in accordance with paragraph 33(a), chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol-1. This expands on existing provisions for bullet repayment applicable to specified import transactions and imports up to USD 0.50 million for usance periods beyond six months but within one year. This permission is effective until September 30, 2020, and Authorized Dealers in Bangladesh must notify their concerned clientele.
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka. www.bb.org.bd
FE Circular Letter No. 11 Date: April 12, 2020 Head offices/principal offices of all Authorized Dealers in Bangladesh Dear Sirs, Quarterly repayment for imports under supplier’s/buyer’s credit - relaxation Please refer to paragraphs 33(c) and 33 (d), chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol-1 and FE Circular No. 46, dated December 04, 2019 in terms of which bullet repayment is permissible for specified import transactions. Bullet repayment is also permissible for imports amounting to USD 0.50 million for usance period beyond six months but within one year in terms of FE Circular No. 5 of January 09, 2019.
2. To facilitate importers in minimizing COVID-19 pandemic related disruptions, it has
been decided that bullet repayment will be permissible for other usance imports under supplier’s/buyer’s credit admissible in accordance with paragraph 33(a), chapter 7 of GFET. Other relevant instructions regarding import transactions shall remain unchanged. Please bring the contents of this circular letter, effective till September 30, 2020, to the notice of your concerned clientele. Yours faithfully, (Mohammad Khurshid Wahab) General Manager Phone: 9530123
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Lineage: No known changes
RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.
The links and the sentences they come from (3)
- Issued under
- FEPD Circular No. 46: Relaxation on Quarterly Repayment for imports under supplier's/buyer's credit2019 · BB
“er to paragraphs 33(c) and 33 (d), chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol-1 and FE Circular No. 46, dated December 04, 2019 in terms of which bullet repayment”
- FEPD Circular No. 05: Repayment against imports under supplier's/buyer's credit - relaxation2019 · BB
“rmissible for imports amounting to USD 0.50 million for usance period beyond six months but within one year in terms of FE Circular No. 5 of January 09, 2019. 2. To facilitate importers in minimizi”
- Guideline of 2018Not in RegAlert
“Please refer to paragraphs 33(c) and 33 (d), chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol-1”
More like this from BB
We email you every new BB publication the day it's published.
Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated
FX rules change often. Get an email the day any regulator we track changes its foreign-exchange rules.