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BB doubles advance payment limits against imports to simplify transactions

BSS
Published On: 23 Sep 2025, 15:03
Bangladesh Bank (BB). File photo

DHAKA, Sept 23, 2025 (BSS) - Bangladesh Bank (BB) has doubled the limits for advance payments against imports in a move to further simplify trade transactions.

"To further simplify trade transactions, it has been decided to enhance the aforesaid limits to US$20,000 and US$50,000 respectively," said a BB circular issued today.

Previously, BB allowed advance payment up to $10,000 or equivalent without a repayment guarantee. In addition, an advance payment of up to $25,000 was permissible from Exporters' Retention Quota (ERQ) accounts.

The central bank noted that all other instructions in this regard shall remain unchanged.

 

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