Dhaka, Sept. 2 -- Bangladesh Bank has issued a new master circular, bringing all rules related to loans, overdrafts, and guarantees under a single framework.

Foreign Exchange Policy Department (FEPD) issued the circular on Tuesday aiming to simplify and consolidate the policies governing foreign exchange transactions.

Bangladesh Bank stated that instructions previously scattered across various guidelines and circulars have been consolidated into this new circular with necessary amendments. This move unifies the provisions for loans, overdrafts, and guarantees into a single structure, which will be effective for one year from the date of its issuance.

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The circular includes provisions for c...