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Enhancement of upper limit of LC value to import Coal through the Land Port

Type: Circular
Issuing Agency: Bangladesh Bank
Responsible Agency: Bangladesh Bank
Issuing Date: 19-05-2015
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
F.E Circular No. 04                                                                                                                 Date: May 19, 2015
All Authorized Dealers of Foreign Exchange in Bangladesh
Dear Sirs,
Enhancement of upper limit of LC value issued without using SWIFT to USD 10,000 from USD 7,500 for import of coal through land port
Please refer to paragraph 21(i)(f), chapter 7 of the Guideline s for Foreign Exchange Transactions-2009, Vol. 1 and FE Circular No. 11/2012.
02.  It has been decided to    relax  the  upper  limit  of  FE  Circular No.  11/2012 and enhance the upper lim it of LC up to USD 10,000 from USD 7,500 for im port of coal through land without using SWIFT.
Please inform the above instruction, effective immediately, to all your constituents.
                 Yours faithfully,
(Md. Zakir Hossain Chowdhury)
     Deputy General Manager
         Phone: 9530250

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