BB allows advance payment of $500,000 to import corona treatment materials | The Business Standard
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MONDAY, JUNE 05, 2023
BB allows advance payment of $500,000 to import corona treatment materials

Banking

TBS Report
23 March, 2020, 03:15 pm
Last modified: 23 March, 2020, 03:32 pm

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BB allows advance payment of $500,000 to import corona treatment materials

It has now been decided that Authorised Dealers may effect, advance payment of $500,000 for import of coronavirus related medical items

TBS Report
23 March, 2020, 03:15 pm
Last modified: 23 March, 2020, 03:32 pm
File photo - Test kits have been one of the main ways to determine if a patient has coronavirus/Collected
File photo - Test kits have been one of the main ways to determine if a patient has coronavirus/Collected

Bangladesh Bank (BB) will allow advance payment up to $500,000 or equivalent other foreign currencies for importing coronavirus related medical materials including lifesaving drugs, medical kits or equipment.

"To facilitate urgent medical imports required for containment of COVID-19, it has now been decided that Authorised 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," a BB circular said today.

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

This circular will be valid till September 30, it also said.

Economy / Top News

Bangladesh Bank / corona virus

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