Rule · BB · 23 Jun 2020

FEPD Circular Letter No. 24: Statutory business target for licenced Money Changers (MCs)

Applications for renewal of Money Changer licences shall proceed without the requirement to achieve the statutory annual business target for foreign exchange transactions. This exemption applies specifically to the year 2020 due to the Coronavirus outbreak and does not alter other existing instructions regarding licence renewal.

BangladeshBangladesh Bank

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd

Circular Letter No. 24 Date: 23 June, 2020

Head offices/principal offices of all
Authorized Dealers and Licenced Money Changers in Bangladesh.

Dear Sirs,

Statutory business target for licenced Money Changers (MCs)

Please refer to paragraph 11, chapter 2 of the Guidelines for Foreign Exchange Transactions-2018 (GFET), Vol-1 regarding statutory business volume of foreign exchange transactions to be achieved annually by licenced MCs mandatorily for renewal of licences.

Considering the business situation due to the breakout of Coronavirus (COVID-19), it has been decided that applications for renewal of MC licences shall be proceeded without the requirement to achieve statutory annual business target.

The above instruction shall be applicable only for the year 2020. Other instructions in this regard shall remain unchanged.

Yours faithfully,

(Mohammad Khurshid Wahab)
General Manager
Phone: 9530123

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Referred to by

FEPD Circular Letter No. 05: Statutory business target for licensed Money Changers (MCs)2022 · BB
“ed Money Changers in Bangladesh Dear Sirs, Statutory business target for licenced Money Changers (MCs). Please refer to FEPD Circular Letter No. 24, dated June 23, 2020 and Circular Letter No. 16, dated-June”
FEPD Circular Letter No. 16: Statutory business target for licenced Money Changers (MCs)2021 · BB
“ed Money Changers in Bangladesh Dear Sirs, Statutory business target for licenced Money Changers (MCs). Please refer to FEPD Circular Letter No. 24, Dated June 23, 2020 regarding statutory business volume of”

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