Frequently Asked Questions (FAQs)
Question and Answer


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


Answer:

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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