Circular No. 17 dated 18 October 2023 issued by the Foreign Exchange Policy Department of the Bangladesh Bank on the “Disbursement of NRB Remittances to their Beneficiaries”

In an effort to reduce the shortage of foreign currency, the Bangladesh Bank issued a directive to banks, instructing them to distribute remittances to recipients within a maximum of two days from when they are received from overseas senders. Although this rule has been in force since 2014, the Bangladesh Bank recently found a lack of adherence to it.