FEOD Circular Letter No. 01: Regarding Online Reporting of Foreign Exchange Transactions

Foreign Exchange Operations Department Bangladesh Bank Head Office Dhaka Ref. No. FEOD Circular Letter No. 01 dated:
15 June 2023

To
All Approved Dealer Banks engaged in Foreign Exchange Transactions Head Office / Principal Office

Dear Sir,

Regarding Online Reporting of Foreign Exchange Transactions.

1. In accordance with Section 1, Clause 19, Paragraph 20(a) of the Foreign Exchange Rules, 2018, and Circular Letter No. FEPI(Export)220/2012-26 dated 09/12/2012, Approved Dealer Banks have been reporting foreign exchange transactions conducted via international cards through the Foreign Exchange Management System (FEMS).

2. It has now been decided that a new report form titled 'Foreign Exchange' will be added to the Foreign Exchange Management System (FEMS) of Bangladesh Bank. In this regard, Approved Dealer Banks are advised to appropriately report transactions of types C, D, E, and F under the aforementioned form of FEMS, effective from 01 August 2023.

Kindly inform all concerned parties regarding this matter.

Yours faithfully,

(Mohammad Zahid Hossain)
Director (FEOD)
Phone-9530127