Use of balances held in single pool for 30 days

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular No. 10 Date: April 15, 2018 All Authorized Dealers in Foreign Exchange in Bangladesh Dear Sirs, Use of balances held in single pool for 30 days Attention of Authorized Dealers (ADs) is invited to paragraph 42(ii), chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol-1 in terms of which exporters are allowed to retain export proceeds in foreign currency for a period of 30 days to settle import payments due within this time. 2. To bring further ease in utilization of the fund retained for 30 days, it has been decided that unencumbered balances held in the pool shall, at the request of exporters within the stipulated time, be useable to meet import payments of exporters’ subsidiaries/sister concerns, subject to observance of the instructions contained in paragraph 28(A)(ii), chapter 13 of GFET. Please bring the above instructions, effective immediately, to the notice of your concerned clientele. Yours faithfully, (Md. Abdul Mannan) Deputy General Manager Phone: 9530319