Bangladesh Bank discount committee to handle jute goods export claims

10 Dec '25

1 min read

Bangladesh Bank discount committee to handle jute goods export claims

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Insights

Bangladesh Bank's (BB) discount committee will now consider applications for discount claims against the export of jute goods to streamline financial procedures for the sector.
A government directive permitted authorised dealers to submit applications for these claims directly to the committee.
These submissions must be routed through the foreign exchange policy department of the bank's head office.

Bangladesh Bank’s (BB) discount committee will now consider applications for discount claims against the export of jute goods to streamline financial procedures for the sector.

A recent government directive permitted authorised dealers (ADs) to submit applications for these claims directly to the central bank’s committee.

These submissions must be routed through the foreign exchange policy department of the bank’s head office and must comply with all standard formalities and procedures, according to domestic media outlets.

This development builds on existing protocols that already allow ADs to submit discount claim applications for shipments of readymade garments and leather goods.

The Bangladesh Jute Mills Association (BJMA) and the Bangladesh Jute Spinners Association (BJSA) will be co-opted as members of the discount committee to ensure industry representation in the decision-making process.

Fibre2Fashion News Desk (DS)

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