Frequently Asked Questions (FAQs)
Question and Answer

Q. Is it allowable to open LC in any currency? What are the approved methods of payments?


The LC may provide for payment or reimbursement in any freely convertible foreign currency, in the currency of the country of the beneficiary or of the country of origin/shipment of goods, or by way of credit to the non resident Taka account of the concerned bank abroad.

Reference/ Related Link

Para 24, Ch 7, GFET.

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