Regulatory Alerts2025-01-02
Added
FEPD Circular No. 01: Application of spread between buying and selling of foreign currency
Authorized Dealers in Foreign Exchange in Bangladesh may apply a maximum spread of 1.00 Taka between buying and selling rates, requiring uniform spot rates for all transactions within a business day regardless of size. Dealers must display these exchange rates on digital screens visible to customers and on the top of their websites. They are required to report daily transactions to Bangladesh Bank according to specified guidelines and must instruct branches to comply with these instructions, with non-compliance subject to punitive actions and financial penalties.
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