Regulatory Alerts2026-03-11
Monthly Statement of LC and Contract Opening and Settlement for 26 Essential Commodities
Bangladesh Bank’s Foreign Exchange Operation Department-1 has discontinued the weekly reporting requirement for authorized dealers regarding 26 essential commodities. Authorized dealers must now submit a monthly statement of letter of credit and contract openings and settlements through the Online Import Monitoring System. This updated reporting framework, effective from 1 April 2026, streamlines compliance while maintaining oversight of critical import transactions.
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