Regulatory Alerts2025-01-19
Added
Wage Remittance: Amendment of Drawing Arrangement and Security Deposit
Authorized Dealers in Bangladesh are permitted to conduct drawing arrangements with foreign exchange houses using three modalities: Draft Drawing, EFT, and Pin-Code, which are renamed to Pre-Fund and Post-Fund respectively. The Draft Drawing modality is revoked, requiring conversion to Pre-Fund, while security deposit and minimum balance requirements for Pre-Fund are withdrawn. The minimum balance for Post-Fund is set at Tk 2.00 million, and reimbursement for Post-Fund remittances must occur within T+2 days. These changes become effective on February 01, 2025.
Topics
fx
Share