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The Financial Express
Swasti Lankabangla Swasti Lankabangla

BB allows $500,000 advance payment to import coronavirus-related medical goods

| Updated: March 23, 2020 17:35:22


Commuters pass by the front of the Bangladesh central bank building in Dhaka, March 08, 2016. — Reuters/File Photo Commuters pass by the front of the Bangladesh central bank building in Dhaka, March 08, 2016. — Reuters/File Photo

Bangladesh Bank (BB) has taken a decision to allow advance payment up to US$ 500,000 or equivalent other foreign currency in importing coronavirus-related lifesaving drugs, medical kits or equipment and other essential medical items.

“To facilitate urgent medical imports required for containment of COVID-19, it has now been decided that Authorized Dealers (Ads) may effect, without repayment guarantee, advance payment up to $500,000 or equivalent other foreign currency for import of coronavirus related lifesaving drugs, medical kits or equipment and other essential medical items,” BSS reported citing a BB circular on Monday.

All other relevant instructions in this context will remain unchanged, the circular added.

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