Dhaka, Nov. 4 -- The Bangladesh Bank has allowed exporters to obtain Taka liquidity by swapping their foreign currency funds with commercial banks.

In a circular issued on Monday, it allowed the authorised dealer (AD) banks to enter into Taka-foreign currency swap arrangements with exporters against balances held in their 30-day pools and Exporters' Retention Quota (ERQ) accounts.

According to the circular, such a swap constitutes a spot purchase of foreign currency against Taka, accompanied by a simultaneous forward reversal at an agreed rate and maturity, using exporters' own foreign currency holdings.

The tenor of the swap shall not exceed the expected utilisation date of ERQ balances and is capped at 30 days for funds in 30-day poo...