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Bangladesh: No approval required for remittance of foreign commission of brokerage firms

Description

On 9 January 2013, the Bangladesh Bank issued FE Circular No.2 which removes the mandatory approval prior to the remittance of commission earnings earned by local firms in their partnerships with fore...

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Intervention Details

Intervention Type

Repatriation & surrender requirements

MAST Chapter

Capital control measures

Implementation date

09 Jan 2013

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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