Relaxed foreign exchange regulation extended till Mar next year

The Bangladesh Bank has extended relaxed foreign exchange regulation facilities till March 31, 2021 to facilitate foreign trade transactions.

The central bank on Tuesday issued two seprate circulars on the relaxed regulations for refinancing for imports from Export Development Fund (EDF) and on refinancing for imports against usance back to back LCs.

Referring to the previous circular, the BB said it has decided to extend the refinancing facilities from EDF for settlement of back-to-back LCs (Letter of Credit) from 30 September this year up to March 31, 2021 due to the pandemic.