BB extends RMG exporters’ policy supports for six more months  

The central bank on Thursday has extended its policy supports for foreign trade transactions by six months for readymade garment and textile good exporters only.

According to a notification issued by the Bangladesh Bank (BB), the exporters may avail relaxation of foreign exchange rules for foreign trade until March 31, 2021 instead of September 30, 2020.

Along with time extension, authored dealer banks (ADs) are now also empowered to allow the exporters to extend the tenure of realisation of export proceeds by seven months instead of six months earlier.

“We’ve extended our relaxation of foreign exchange regulations for trade transactions in line with the exporters’ requirements amid covid-19 pandemic, a BB senior official told the FE while replying to a query.

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