In what is seen as a move to help businesses withstand the fallouts of the COVID-19 pandemic that has adversely impacted the exports, the central bank of the country, Bangladesh Bank, reportedly, extended the deadline for export proceeds repatriation, recently.
According to media reports, the Bangladesh Bank in a circular issued in this direction, reportedly, maintained that until June this year, exporters would get seven months to bring their export earnings even as the central bank in March last year, allowed exporters to fetch their export proceeds within seven months from the date of shipment instead of the previous four months.
Praising the move of the central bank, Managing Director of Ha-Meem Group, AK Azad, reportedly, said it was good initiative even as he maintained that the issues related to exports still persist and went on to add that England is still in lockdown and that the situation was also similar in Europe.
We are anxious…People are still dying, reportedly, quipped Azad even as reports suggest that in the July-February period of the current fiscal year, export receipts have declined 1.45 per cent year-on-year to US$ 25.86 billion on account of the surge in COVID-19 cases, which continued to ravage the demand.
