Regulatory Alerts2009-04-20
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FE Circular No. 02: Submission of Quarterly Statement
The time limit for local agents approved under section 18A of the Foreign Exchange Regulation Act, 1947 to submit quarterly statements to the respective area office of Bangladesh Bank is extended from 30 days to 60 days from the close of each quarter. This relaxation applies to statements due for the June quarter, 2009, and subsequent quarters. The change amends the requirement previously set in para 3(i)(a), chapter 24 of Guidelines for Foreign Exchange Transactions, Vol-I.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. Web site: www.bangladeshbank.org.bd FE Circular No. 02 Date: April 20, 2009 All Authorized Dealers of Foreign Exchange in Bangladesh Dear Sirs, Submission of quarterly statement Attention of the Authorized Dealers is invited to the para 3(i)(a), chapter 24 of Guidelines for Foreign Exchange Transactions, Vol-I regarding submission of quarterly statement to the respective area office of Bangladesh Bank within 30 days from the close of each quarter by the local agents approved under section 18A of Foreign Exchange Regulation Act, 1947. It has now been decided to relax the time limit for submission of this statement from 30 days to 60 days, which will be applicable from June quarter, 2009. Please bring this instruction to the notice of all concerned. Yours faithfully, (Khandaker Abdus Salim) Deputy General Manager Phone: 7120375
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