Bangladesh Bank (BB) has allowed the International Gateway (IGW) operators to make their transactions for international calls by opening foreign currency accounts.
Bangladesh Telecommunic ation Regulatory Commission (BTRC) issues operator licence to IGW operators under Bangladesh Telecommunication Regulation Act, 2001 to handle international calls in accordance with the International Long Distance Telecommunications Services (ILDTS) Policy, 2010.
“In doing so, IGW operators receive or pay in foreign currency against international incoming or outgoing calls,” according to a BB circular issued on Thursday, reports BSS.
To facilitate the transactions, BB said, it has now decided that the authorised dealers (ADs) may open and maintain foreign currency account in the name of IGW operators having valid operator licence issued by the BTRC.
For transactions through the accounts, the ADs should follow the trams and conditions which include the foreign currencies received only from international carrier for international incoming calls may be credited in the account, balances of these accounts may be used to pay to international carrier for international outgoing calls and to IGW operator switch or other IGW Operators for international incoming calls against invoices, balances of these accounts are freely encashable to taka and ADs shall ensure deduction of applicable VAT and taxes and deposit of the same to the government treasury.
The original publisher, as mentioned above, holds the responsibility for the content. However, the content and image of the original news might be modified due to suitability of that current site.