Rule · BB · 28 Jul 2022
Authorized Dealers must report import information amounting to USD 3.00 million and above or its equivalent to the Bangladesh Bank Online Import Monitoring System (OIMS) 24 hours prior to opening letters of credit based on proforma invoices or purchase contracts. This instruction revises the previous threshold of USD 5.00 million and excludes imports by the Government. Authorized Dealers are required to submit a final report 24 hours after the initial submission and ensure compliance across all branches, including central trade processing centers and offshore banking operations.
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular Letter No. 29 Date: July 28, 2022
Head offices/principal offices of all
Authorized Dealers in Bangladesh
Dear Sirs,
Online reporting of import information to Bangladesh Bank web portal Please refer to Circular Letter No. 24 of July 14, 2022 regarding submission of information on import amounting to USD 5.00 million and above or its equivalent to Bangladesh Bank Online Import Monitoring System (OIMS) 24 hours prior to opening letters of credit (LCs) based on proforma invoices/purchase contracts. Authorized Dealers (ADs) are hereby advised to report to OIMS for import amounting to USD 3.00 million and above or its equivalent. As usual, the report excludes imports by the Government. ADs shall submit final report after 24 hours from above mentioned reporting. Please bring the revised instruction, effective immediately, to all your AD branches including central trade processing centers and offshore banking operations for its meticulous compliance. Yours faithfully, (Md. Sarwar Hossain) Director (FEPD) Phone: 9530123
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.
“d Dealers in Bangladesh Dear Sirs, Online reporting of import information to Bangladesh Bank web portal Please refer to Circular Letter No. 24 of July 14, 2022 regarding submission of information on imp”
More like this from BB
We email you every new BB publication the day it's published.
Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated