Written by The Banking Post
In a move to facilitate international trade and streamline import procedures, Bangladesh Bank has revised the ceilings for advance payments against imports. According to a circular issued on September 23, 2025, an importer can now make advance payments of up to 20,000 US dollar without requiring repayment guarantees, up from the previous limit of 10,000 US dollar.
Additionally, the limit for advance payments from Exporters’ Retention Quota (ERQ) accounts has been raised from 25,000 US dollar to 50,000 US dollar.
Industry insiders have welcomed the decision, noting that it will be particularly helpful for small and medium-sized importers. The increased limit will enable importers to make payments more quickly and at lower costs, thereby reducing both time and additional expenses.
This policy revision is being seen as part of broader efforts to boost the country’s overall trade efficiency and simplify global trade in the context of ongoing global economic changes. Experts view the move as a timely step in line with the growing demand for flexible trade policies.
