Bangladesh Bank (BB) has announced a significant policy update by doubling the limits for advance payments against imports, aiming to make international trade transactions more straightforward and efficient.
According to a circular issued today, BB stated: “To further simplify trade transactions, it has been decided to enhance the aforesaid limits to US$20,000 and US$50,000 respectively.”
Previous vs. Revised Advance Payment Limits
| Category | Previous Limit (USD) | Revised Limit (USD) |
| Without repayment guarantee | 10,000 | 20,000 |
| From Exporters’ Retention Quota (ERQ) accounts | 25,000 | 50,000 |
The central bank further clarified that all other existing instructions regarding advance payments would remain unchanged.
This move is expected to ease pressure on businesses engaged in international trade, particularly importers, by providing greater flexibility in managing cross-border transactions.
