About this document

Guidelines for Foreign Currency Accounts by Arup Datta is a document available to read on EtoBox.

Authorized Dealers (ADs) in Bangladesh can open foreign currency accounts for Initial Public Offerings (IPOs) and shipbuilders to facilitate subscription collection and advance remittances, respectively. Shipping companies, airlines, and licensed freight forwarders are allowed to maintain foreign currency accounts for handling costs related to FOB exports and imports. All transactions through these accounts must be reported to Bangladesh Bank, and a special monitoring system is in place for accounts opened

Author

Arup Datta

Language

EN