Specialised zone exporters get FC-Taka swap facility
Bangladesh, July 13 -- Bangladesh Bank (BB) has extended the Foreign Currency (FC)-Taka swap facility to exporters operating in the country's specialised economic zones to help them access short-term Taka liquidity while retaining their foreign currency holdings.
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To this end, the central bank on Monday issued a circular, allowing Authorised Dealers (ADs) to execute FC-Taka swap arrangements against unencumbered balances maintained in eligible foreign currency accounts of exporters.
Under the facility, exporters will be able to meet local operational expenses, including wages and utility bills, without permanently converting their foreign currency holdings, thereby improving liquidity management while preserving foreign ex...
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