Regulatory Alerts2026-05-07
Foreign Exchange Regulations for Outward Remittances on Transportation Services
Bangladesh Bank has issued Circular No. 08 to consolidate and update foreign exchange regulations governing outward remittances for international transportation services, repealing prior GFET instructions except for monthly reporting requirements. The circular establishes comprehensive operational guidelines for authorized dealers, airlines, shipping companies, freight forwarders, and tour operators regarding ticket issuance, freight and passage collections, charter arrangements, and the operation of foreign currency accounts. It mandates strict documentation verification for passenger travel, requires the remittance of surplus earnings to Bangladesh, and enforces detailed quarterly and monthly reporting obligations to ensure compliance with foreign exchange controls.