2019-08-07

Added · Updated

Revocation of General Authorization for Fund Arrangement Through OBUs for Export Bill Discounting

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.

Bangladesh Bank logo

Bangladesh

Bangladesh Bank

Click to view full text

More like this from BB

BB published 33 documents in the last 30 days. We email you each new one the day it's published.

Topics
fx
Share