Dear All,
Could you please elaborate in the context of rules and regulations of Bangladesh whether opening of local LC (not local back to back LC) in foreign currency is permissible.
Look forward to hearing.
Regards.........Mehdi
Local LC in Foreign Currency
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bdesh
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Local LC in Foreign Currency
Hi Mehedi,
U wrote
2. If we can open as well as settle an LC in FC in case of Foreign LC, there should not have any problem in doing that in case of Local LC.
More explanation is appreciable.
U wrote
1. I don't find any problem in opening of local LC in FC of which payment is in Local Currency except BTB LC.Could you please elaborate in the context of rules and regulations of Bangladesh whether opening of local LC (not local back to back LC) in foreign currency is permissible.
2. If we can open as well as settle an LC in FC in case of Foreign LC, there should not have any problem in doing that in case of Local LC.
More explanation is appreciable.