FEPD Circular Letter No. 17: Reporting of foreign exchange released through International Cards on health ground

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular Letter No. 17 Date: 09/07/2019 Head offices/principal offices of All Authorized Dealers in Bangladesh Dear Sirs, Reporting of foreign exchange released through International Cards (Prepaid/Debit/ Credit) on health ground. In terms of paragraph 2, chapter 12 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1 (GFET), Authorized Dealers (ADs) are allowed to release upto USD 10,000.00 (Ten Thousand) or equivalent for travel abroad on health grounds by Bangladeshi nationals against documentary medical evidences. Such facility may also be usable through international cards (Prepaid/Debit/Credit), subject to adhere to applicable instructions. 02. To streamline card reporting procedure, a new field named “Medical Quota” has been added under ENTITLEMENT menu in online international card monitoring system for reporting of foreign exchange released through international cards (Prepaid/Debit/Credit) for travel abroad on health ground. In accordance with the above reporting procedure, ADs are advised to report foreign exchange transactions executed through international cards on account of health ground. Yours faithfully, (Mohammad Khurshid Wahab) General Manager Phone: 9530123