DHAKA: Bangladesh has decided to open foreign currency accounts in july2015. A circular to this effect has been sent to chief executives of all banks dealing in foreign currencies.
The central bank, in January, had given time to shipping companies, airlines, and freight forwarding agents until April to open such accounts.
Authorities said the extension was because many of the freight forwarders were not able to open the accounts within the deadline.
Related people said the shipping firms, airlines and forwarding agents used Bangladeshi currency to pay transporters after their payments for delivering goods came in as foreign currency.
A central bank directive has required them to put their earnings into foreign currency accounts and pay local creditors through cheques.
