FE Circular No. 06: Amended Policy Regarding Activities of Money Changers

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka Ref No: FE Circular No. 06 Date: June 1, 2009

To: All Approved Dealers in Foreign Exchange Transactions and All Licensed Money Changers.

Dear Sir,

Amended/Revised Policies Regarding the Operation of Money Changer Establishments.

The instructions contained in FE Circular No. 06 dated August 1, 2004, on the above subject are hereby replaced as follows:

The minimum annual transaction target for money changer establishments operating in places other than the Dhaka and Chittagong metropolitan areas of the country has been revised from BDT 5.00 Lakh (Five Lakh) to BDT 3.50 Lakh (Three Lakh Fifty Thousand). The minimum annual transaction target for money changer establishments operating in the Dhaka and Chittagong metropolitan areas will remain unchanged at BDT 5.00 Lakh (Five Lakh). If the revised target is not achieved, the money changer establishment will not be considered for license renewal for the next period. This policy will come into effect from June 1, 2009.

Thanking you,

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka 18 Jyestha, 1416

FE Circular No. 06 dated June 1, 2009

To: All offices of Bangladesh Bank,

It is requested to distribute the aforementioned FE Circular No. 06 dated June 1, 2009, to all approved dealers and licensed money changers under your jurisdiction.

(Khandaker Abdus Salam) Deputy General Manager Phone-7120375