2019-08-07
Added · Updated
The general authorization for Authorized Dealer banks to arrange funds through their own Offshore Banking Units (OBUs) for discounting direct and deemed export bills is revoked. This revocation applies to the provision in paragraph 25(b), chapter 8 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1. The change aligns with revised instructions regarding offshore banking operations found in BRPD Circular Letter No. 09 dated 27 May 2019.
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