Exporter’s Retention Quota Account

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Exporter’s Retention Quota Account (ERQ Account)

This account can be opened by Bangladeshi Exporter. With this account balance, exporters can promote their businesses abroad, open liaison office(s), and cover import cost of raw materials and machinery.

Rates of quota are

  • Merchandise exporters are entitled to a foreign exchange retention quota of 60% of repatriated FOB value of their exports.
  • Exporters of computer software and data entry/processing services may retain 60% of export earnings repatriated in foreign exchange in ERQ accounts.
  • Readymade garment, furnace oil, bitumen-10% of the repatriated of FOB value.

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