Regulatory Alerts2023-09-04
Added
Settlement of import liabilities out of export proceeds
Authorized Dealers in Bangladesh are prohibited from transferring retained foreign currency funds to other Authorized Dealers, restricting usage solely to the designated institution for the relevant exporter's import obligations. Unused funds must be compulsorily encashed into Taka immediately after the expiry of the 30-day admissible period, though early encashment is permitted upon request from exporters. These measures take immediate effect to maintain discipline in foreign exchange transactions.
Topics
fx
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