Regulatory Alerts2019-07-09
Added · Updated
FEPD Circular Letter No. 17: Reporting of foreign exchange released through International Cards on health ground
Authorized Dealers in Bangladesh must report foreign exchange transactions executed through international prepaid, debit, or credit cards for travel abroad on health grounds. To facilitate this, a new field named “Medical Quota” has been added under the ENTITLEMENT menu in the online international card monitoring system. This reporting requirement applies to transactions where up to USD 10,000.00 or equivalent is released to Bangladeshi nationals against documentary medical evidence, as permitted under the Guidelines for Foreign Exchange Transactions-2018.
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