Dhaka, Oct. 29 -- The Bangladesh Bank (BB) has relaxed regulations to make it easier for local banks to pay for imported electricity, a move aimed at ensuring uninterrupted power supply and easing pressure on energy importers.
In a circular issued on Monday, the central bank said authorised dealer (AD) banks can now send payments abroad for power purchases under government-approved cross-border agreements without seeking prior approval from the BB.
According to the circular, this policy is intended to streamline and accelerate payment procedures for electricity imports transmitted through the national grid under bilateral deals approved by the government.
However, the central bank also stressed that banks must continue to comply with for...