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Exporters welcome BB’s decision to double forex retention limit

Published : Wednesday, 22 July, 2026 at 7:47 PM

Business Correspondent

The Bangladesh Bank (BB) has doubled the foreign currency retention limit for exporters with high import content, allowing them to retain up to 15 per cent of their repatriated Free on Board (FOB) export proceeds in Exporters' Retention Quota (ERQ) accounts. The decision, announced through a circular on Wednesday, took immediate effect and aims to improve foreign exchange management and support export-oriented industries.

The central bank issued the directive through a circular, instructing all Authorized Dealer (AD) banks to notify their exporter clients and implement the revised policy without delay.

Under the previous provision, exporters in this category were allowed to retain 7.5 per cent of their repatriated export earnings in ERQ accounts. The revised ceiling of 15 per cent is expected to provide businesses with greater flexibility in managing foreign exchange for operational needs.

According to Bangladesh Bank officials, the policy is designed to benefit exporters that rely heavily on imported raw materials, intermediate goods, machinery and other production inputs. The enhanced retention facility will enable them to meet eligible import-related expenses directly from their ERQ accounts, reducing dependence on the domestic foreign exchange market and lowering transaction costs.

The central bank clarified that the amendment applies only to the retention percentage. All other provisions under Paragraph 76 of FE Circular No. 31, issued on July 31, 2025, will remain unchanged.

Trade analysts and exporters are expected to view the move as a timely policy measure to support industries with high import intensity. They say the increased retention limit will improve firms' cash-flow management, strengthen foreign exchange liquidity at the enterprise level and enhance the global competitiveness of Bangladeshi exports.

The latest initiative is part of Bangladesh Bank's ongoing efforts to facilitate external trade, improve foreign exchange management and support sustained export growth amid continued global economic uncertainties.

-HIS

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Editor : Iqbal Sobhan Chowdhury

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