Bangladesh Bank (BB) yesterday eased further the foreign exchange regulations to expedite foreign direct investment (FDI), reports BSS.
The central bank in a directive lifted the regulation that made submission of documents for outward remittance mandatory. According to the latest circular, the authorised dealers would no longer require to submit documents in support of outward remittances, already approved by BB. The central bank said that the change have been brought to ease further the routine reporting to BB under the broad spectrum of foreign exchange liberalization.
BB on Sunday brought some changes to the repatriation of sale proceeds of non-resident owned equity in unlisted companies purchased by residents.