Local firms can go for product adverts in foreign media

Bangladesh Bank has allowed Bangladeshi firms to go for advertising their products in foreign media. In a circular issued by Foreign Exchange Policy Department (FEPD) on Tuesday, the central bank said that authorized dealers (ADs) may effect remittance towards cost of advertisement of Bangladeshi products in foreign electronic and online media in dynamic, image, video, interactive and/or other formats, after satisfying themselves with the genuineness and bonafides of the requests through agreement and invoices and after deducting all applicable taxes. "Remittances under authority of the circular letter may only be made through an AD branch designated by the remitters for the purpose under intimation to Foreign Exchange Operation Department of the BB," it mentioned, according to UNB.
- biplab