Regulatory Alerts2020-07-30
Added · Updated
FEOD Circular Letter No. 01: Regarding Submission Hard Copy of Licenced Money Changer's (MCs) Transactions
Licensed money changers are no longer required to submit hard copies of their foreign currency transaction records to Bangladesh Bank, as these transactions are already reported online daily. This directive immediately supersedes previous instructions mandating such physical submissions, while all other existing guidelines remain unchanged.
Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh. Foreign Exchange Operation Department 15 Sraban/1427 FEOD Circular Letter No.-01/2020 Date:----------------------- 30 July/ 2020 To all Approved Dealers engaged in foreign currency transactions and all Money Changer establishments.
Dear Sir,
Regarding the submission of hard copies of transaction details by Money Changer establishments.
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In accordance with Bangladesh Bank's Master Circular on Foreign Exchange Operations (FEOD) No. 01 dated 10/12/2015, licensed Money Changer establishments have been reporting their foreign currency transactions, i.e., daily online reporting, and simultaneously submitting hard copies of transaction details to Bangladesh Bank.
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It has been decided that henceforth, the requirement to submit hard copies of the aforementioned transaction details is not necessary. All other instructions remain unchanged.
This instruction will come into effect immediately.
Yours faithfully,
(Uttam Kumar Modak) Deputy General Manager Phone-9530520
Phone: 88-02-9530010-75, 9530700-59, IP-8802-55665001-200, Fax: 88-02-956612, www.bb.org.bd
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