A central bank circular said it would allow encashment of export proceeds at the prevailing exchange rate of foreign currencies in due time even if there is delay in realisation of proceeds.
The flexibility will be offered till December 31 this year, domestic media outlets reported.
As Bangladesh sees falling forex reserves, the realisation of export proceeds has fallen below the export figures released by the Export Promotion Bureau.
Exporters have been demanding the prevailing market rate for dollars in case of encashment of receipts.
The central bank had said in March this year that banks could offer prevailing exchange rates for dollars and other currencies in the case of realisation of export proceeds within 120 days of the shipment of goods.
ALCHEMPro News Desk (DS)
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