Regulatory Alerts2015-12-10
Added · Updated
FEOD Circular Letter No. 07: Regarding Daily Foreign Exchange Transactions of Money Changers Through Online Software
Effective January 1, 2016, all licensed money changers must conduct daily foreign exchange transactions via online software and provide customers with a printed receipt bearing the Bangladesh Bank monogram and a unique transaction number. Money changers are required to declare their foreign currency holdings to the relevant Bangladesh Bank office by December 31, 2015, and must not use the office's transaction number until approved. In areas with regular power outages, businesses should use UPS systems and multiple internet service providers to ensure connectivity.
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