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.
Foreign Exchange Operation Department-1 Bangladesh Bank Head Office Dhaka www.bb.org.bd FEOD-1 Circular Letter No-01 Date:
All Authorized Dealers in Foreign Exchange in Bangladesh Dear Sir, Regarding Monthly Statement of LC/Contract Opening and Settlement for 26 Essential Commodities Please refer to Para-19A(c), Chapter-2 and related Appendix-37 of the Guidelines for Foreign Exchange Transactions-2018, Vol-2, which required ADs to submit the weekly statement of Commodity-wise (26 Essential Items) LC Opened and Settled (hard copy/soft copy as required by the department) relating to imports to the General Manager, FEOD, Bangladesh Bank, Head Office, Dhaka. 02. For ensuring ease in reporting process it has been decided to discontinue the above weekly statement, alternatively ADs are advised to submit commodity-wise (26 Items) monthly statement of LC/Contract Opening and Settlement as per attached Format after duly checking of related information in online Import Monitoring System (OIMS). In this context, ADs shall upload this statement in OIMS>Import>Statement> ‘‘Monthly Statement of LC/Contract Opening and Settlement for 26 Essential Commodities”.
- This Circular Letter is issued under Section 20 (3) of Foreign Exchange Regulation Act, 1947 and Section 45 (1) (Gha) of Bank Company Act, 1991, and will be effective from 01 April, 2026.
Yours Faithfully, Annex: As described (Kamal Hossain) Director (FEOD-1) Phone: 9530127 11 March 2026
26 Falgun 1432
Appendix-37 Name of the Bank: Month: Year: Value in thousand US$ & Qnty in M.T. No.of LCs Quantity Value No.of LCs Quantity Value 1 2 Raw Refined Crude Refined Seed Crude Refined Seed Masur Dal Chola Dal Ankor Dal Mugh Dal Others 8 9 10 Raw Refined 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Name of the Authorised Official with designation and department : Phone No (Land): Cell: Rice MONTHLY STATEMENT OF LC/CONTRACT OPENTING AND SETTLEMENT FOR 26 ESSENTIAL COMMODITIES Serial No. Name of the Commodity LCs Opened LCs Settled Onion Wheat 3 Sugar 4 Soyabean 5 Palm Oil 6 Pulses 7 Chola(Seed/Asto)/Cheak peas Yellow peas Baby Food Garlic Ginger 11 Salt Egg Potato Maize Dry Chili Termaric Dates Milk Powder Cassia leaf (Tezpata) Cumin (Zira) Cardamom (Elachi) Cinnamon (Daruchini) Black Pepper (Gol marich) Cloves (Labanga) Coriander (Dhania)