Written by The Banking Post
Bangladesh Bank has issued a master circular on import transactions, consolidating all existing instructions into a single reference document to streamline procedures and facilitate trade.
The circular, issued on August 14, 2025, will remain valid for one year and covers areas such as LC and remittance rules, imports under sales contracts, supplier’s/buyer’s credit, software imports, inland LC in foreign currency, and imports for EPZs, Economic Zones, and Hi-Tech Parks, as well as precious metals and jewellery, etc.
The move follows a similar master circular on exports issued last month. Industry insiders say the consolidation will improve clarity for importers and banks, reduce procedural ambiguities, and align regulations with evolving global trade practices.
Business insiders have urged the central bank to adopt this model for other areas, including outward remittance, foreign borrowings, FDI guidelines, investment abroad, etc. to further enhance policy transparency and ease of doing business.
