Discontinuation of submission of Returns/Statements to Bangladesh Bank

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular No. 53 Date: 21 December, 2020 All Authorized Dealers in Foreign Exchange in Bangladesh Dear Sirs, Discontinuation of submission of Returns/Statements to Bangladesh Bank In terms of Guidelines for Foreign Exchange Transactions-2018 (GFET), Vol-1 & 2 and subsequent FE Circulars/Circular letters Authorized Dealers (ADs) are required to submit various statements at different time intervals to Bangladesh Bank. 02. To improve the ease of doing business and reduce the cost of compliance, it has now been decided that ADs are no longer required to submit returns/statements listed in the annexure to Bangladesh Bank in hardcopy. However, ADs shall continue reporting of the same information in relevant online portals/modules of Bangladesh Bank. Please bring the content of this circular to the notice of all concerned constituents. Yours Faithfully (Mohammad khurshid Wahab) General Manager Phone: 9530123

Annexure List of Discontinued Returns/Statements SL No. Name of Statement Basis of Statement/GFET Reference 1 Monthly Consolidated Statement of Convertible Taka Accounts and Foreign Currency Accounts. Volume-2, Chapter-2, para 19.C(a) 2 Statement of Release of Foreign Exchange against Travel, Treatment and Education abroad. Volume-2, Chapter-2, Para 19.C(b) 3 Non-Resident Taka Accounts other than Bank Branches & Correspondents Volume-2, Chapter-2, Para 18 4 Monthly Statement of NFCD Account Transactions Volume-1, Chapter-13, Section-II, Para-20 5 Monthly Statement of RFCD Account Transactions Volume-1, Chapter-13, Section-III, Para-26 6 Statement of Outstanding Foreign Payment Commitments abroad for the month Volume-2, Chapter-2, Para 19.A(A) 7 Returns on Foreign Direct Investment (FDI) Circular No. FEPD(A&NFBP)/104/2003-53- 102, Dated: 30/10/2003 8 Statement S-1, S-2, S-4, S-5, S-6, FCS-7, EFCS-8, S-9, S-10, S-11, S-12 & S-13 GFET Volume-2, Chapter-2, Para 5 9 Statement of Special Foreign Currency Account As per approval letters of Special Foreign Currency Accounts