Bangladesh's Customs Act 2023 allows foreign currency floating rates
Source：CHINA SPORTING GOODS FEDERATIONRelease time：2023-11-09Clicks：
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Bangladesh’s new Customs Act 2023 recognises floating rates of foreign currencies and imposes a 10 per cent penal tax in case of delays in releasing goods from ports that affect businesses.
Under the floating exchange rate, the currency price of a nation is set by the forex market based on supply and demand relative to other currencies. The new law scrapped the previous Customs Act of 1969.
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