• Sunday, Dec 05, 2021
  • Last Update : 02:22 pm

BB eases fund repatriation for foreign currency account holders

  • Published at 11:56 pm November 17th, 2020
foreign money currency cash
BIGSTOCK

The balances held in the concerned foreign currency accounts were repatriable abroad without approval from the Bangladesh Bank

Bangladesh Bank on Tuesdayinstructed all banks to ensure hassle-free repatriation of funds for foreign currency account holders that were opened and maintained under general authorisation.

The balances held in the concerned foreign currency accounts were repatriable abroad without approval from the Bangladesh Bank, as stated in the Guidelines for Foreign Exchange Transactions-2018, it said in a notice.

"It has come to the notice of the Bangladesh Bank that foreign currency account holders faced unnecessary harassment to repatriate funds abroad out of balances held in their respective foreign currency accounts. We warned authorised dealerbanks not to harass those account holders and expedite their fund repatriation process from now on,” said a top official of the BB.

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