FEPD Circular No. 24: Reporting of foreign exchange transactions of licensed Money Changers

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. www.bb.org.bd F.E. Circular No. 24 Date: 5th June, 2014 All Authorized Dealers in Foreign Exchange and licensed Money Changers in Bangladesh Dear Sirs, Reporting of foreign exchange transactions of licensed Money Changers. Attention of the Authorized Dealers (ADs) is invited to paragraph 25, Chapter 2 of Guidelines for Foreign Exchange Transactions, Vol-2 (GFET-2010) in terms of which licensed Money Changers report their foreign exchange transactions to Bangladesh Bank in Summary Statement S-12 along with Schedules MCR-1 and MCP-1 through their nominated Authorized Dealer (AD) banks on monthly basis. 02. To ensure effective reporting Schedules MCR-1 and MCP-1 have been amended as per enclosures. Hence, licensed Money Changers are requested to report their foreign exchange transactions through their nominated AD banks on amended schedules on monthly basis with effect from June 05, 2014. For appropriate use against relevant transactions, a list of country code is enclosed herewith. 03. Other instructions of the aforementioned paragraph shall remain unchanged. Please bring the content of this circular to the notice of all concerned. Yours faithfully, (Jagannath Chandra Ghosh) Deputy General Manager Phone: 9530092   

See chapter 2 Para 25 APP. 11 STATEMENT-12 SUMMARY STATEMENT OF MONEY CHANGERS FOREIGN EXCHANGE TRANSACTIONS (TO BE SUBMITTED THROUGH ADs)

For month……….Year……… Name of the Authorized Money Changer ………… Currency: USD/GBP/EURO/JPY Month code Money changer code Currency code Submitted Through ( Name of the AD Bank)……………………………………. Sl no. PURCHASE Code use for BB Amount 01 Opening balance (a+b) a) Cash FC in hand b) FC A/C balance with scheduled bank 1201 1202 1203 02 Amount purchased from non-resident (Cash/TC) (Schedule MCR-1) 1204 03 Amount purchased from resident (Cash/TC) 1205 Exchanges, Transfers and Adjustments. 04 Total credit on account of interest earned from FC A/C 1208 05 Transfer from FC A/C of other money changers ( on account of purchase) 1209 GRAND TOTAL: 01 Sales to Bangladeshi travelers or re-conversion allowed to foreign travelers (Cash/TC) (Schedule MCR-1) 1210 Exchanges, Transfers and Adjustments. 02 Amount encashed to taka (a+b) a) Encashed from FC A/C transferred to S-1. b) Encashed from Note/coin, etc transferred to S-6. 1214 1215 1216 03 Transfer to FC A/C of other money changers (on account of sale) 1217 04 Closing balance (a+b) a) Cash FC in hand b) F FC A/C balance with scheduled bank. 1218 1219 1220 GRAND TOTAL Note:        Non‐resident: a) Bangladesh national residing abroad b) Foreign travelers Resident: a) Bangladeshi travelers                                                                                     Signature (Bank official): b) Resident foreign nationals.                                                                           Stamp with name, designation & phone no. Date:………                                 Official Seal                                                                                                                                               Signature (Money Changer): Bank                       Money changer                                                                               Stamp with name, designation & phone no.

See chapter 2 Para 25 APP 11-I SCHEDULE MCR‐1 PURCHASE FOREIGN CURRENCY FROM NON‐RESIDENT PERSON (TC/CASH) For month…….Year…… Name of the Authorized Money changer code…… Currency: USD/Pound/Euro/JPY….. Month code    Money changer code        Currency code    Sl. no Name of the country Country Code Amount Purpose Code      Total         Date:…………….                                                                                                                           Signature (Bank official):                                                                                                                                          Stamp with name, designation & phone no.                                 Official Seal                                                                                                                                           Signature (Money Changer): Bank                       Money changer                                                     Stamp with name, designation & phone no. Note: a) Use purpose code for Bangladeshi national working abroad   5111 b) Use purpose code for foreign traveler’s                                       1130 Note:   Non‐resident a) Bangladeshi national residing abroad b) Foreign travelers.

See chapter 2 Para 25 APP 11-11 SCHEDULE MCP‐1 Sales to Bangladeshi Travelers or Re-conversion allowed to Foreign Tourists. For month…….Year…… Name of the Authorized Money changer code…… Currency: USD/Pound/Euro/JPY….. Month code    Money changer code    Currency code    Sl. no Name of the country Country Code Amount Purpose Code Category            Total Date:…………….                                                                                                                    Signature (Bank official):                                                                                                                                    Stamp with name, designation & phone no.                Official Seal                                                                                                                                      Signature (Money Changer): Bank                       Money changer                                                          with name, designation & phone no. Note:1) a) Use purpose code for Bangladeshi travelers 1130 b) Use purpose code for re‐conversion to foreign travelers  1132 c) Use purpose code for Hajj 1134 d) Use purpose code for Omra Hajj/other religious travel  1135 e) Category: Private‐  42, Govt‐ 41.   

CODE‐3 REGION AND COUNTRY/TERRITORY (Alphabetically Arranged) COUNTRY NAME COUNTRY CODE   AFGHANISTAN 1220 ALAND ISLANDS 2601 ALBANIA 2100 ALGERIA 2501 AMERICAN SAMOA 1221 ANDORRA 2024 ANGOLA 2554 ANGUILLA 0148 ANTARCTICA 2602 ANTIGUA AND BARBUDA 0122 ARGENTINA 0116 ARMENIA 1314 ARUBA 0149 AUSTRALIA 1222 AUSTRIA 2001 AZERBAIJAN 1312 BAHAMAS 0124 BAHRAIN 1214 BANGLADESH 9999 BARBADOS 0125 BELARUS 2114 BELGIUM 2002 BELIZE 0126 BENIN 2512 BERMUDA 0127 BHUTAN 1260 BOLIVIA, PLURINATIONAL STATE OF 0101 BOSNIA AND HERZEGOVINA 2123 BOTSWANA 2502 BOUVET ISLAND 2603 BRAZIL 0117 BRITISH INDIAN OCEAN TERRITORY 2604 BRUNEI DARUSSALAM 1203 BULGARIA 2101   

CODE‐3 REGION AND COUNTRY/TERRITORY (Alphabetically Arranged) COUNTRY NAME COUNTRY CODE   BURKINA FASO (UPPER VOLTA) 2104 BURUNDI 2506 CAMBODIA 1302 CAMEROON 2507 CANADA 0200 CAPE VERDE 2503 CAYMAN ISLANDS 1224 CENTRAL AFRICAN REPUBLIC 2535 CHAD 2508 CHILE 0118 CHINA 1301 CHRISTMAS ISLAND 1270 COCOS (KEELING) ISLANDS 1271 COLOMBIA 0102 COMOROS 2509 CONGO 2529 COOK ISLANDS 1268 COSTA RICA 0103 COTE D'IVOIRE 2518 CROATIA 2121 CUBA 0300 CYPRUS 2017 CZECH REPUBLIC 2102 DENMARK 2003 DJIBOUTI 2504 DOMINICA 0129 DOMINICAN REPUBLIC 0105 ECUADOR 0106 EGYPT 2505 EL SALVADOR 0114 EPZ 2998 EQUATORIAL GUINEA 2520 ERITREA 3001 ESTONIA 2120   

CODE‐3 REGION AND COUNTRY/TERRITORY (Alphabetically Arranged) COUNTRY NAME COUNTRY CODE   ETHIOPIA 2521 FALKLAND ISLANDS (MALVINAS) 0138 FAROE ISLANDS 2023 FIJI 1263 FINLAND 2105 FRANCE 2005 FRENCH GUIANA 0133 FRENCH POLYNESIA 1253 FRENCH SOUTHERN TERRITORIES 2605 GABON 2514 GAMBIA 2522 GEORGIA 2115 GERMANY 2004 GHANA 2523 GIBRALTAR 2018 GILBERT 1254 GREECE 2007 GREENLAND 0130 GRENADA 0131 GUADELOUPE 0132 GUAM 1255 GUATEMALA 0107 GUERNSEY 2031 GUINEA 2517 GUINEA‐BISSAU 2536 GUYANA 0134 HAITI 0108 HEARD ISLAND AND MCDONALD ISLANDS 1272 HONDURAS 0109 HONG KONG 1204 HUNGARY 2106 ICELAND 2019 INDIA 1100 INDONESIA 1226   

CODE‐3 REGION AND COUNTRY/TERRITORY (Alphabetically Arranged) COUNTRY NAME COUNTRY CODE (Use for ADs) IRAN, ISLAMIC REPUBLIC OF 1227 IRAQ 1228 IRELAND 2020 ISLE OF MAN 2032 ITALY 2008 JAMAICA 0135 JAPAN 1229 JERSEY 2033 JORDAN 1211 KAZAKHSTAN 1309 KENYA 2537 KIRIBATI 1230 KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF 1303 KOREA, REPUBLIC OF 1232 KOSOVO 2125 KUWAIT 1215 KYRGYZSTAN 1313 LAO PEOPLE'S DEMOCRATIC REPUBLIC 1304 LATVIA 2119 LEBANON 1234 LESOTHO 2538 LIBERIA 2531 LIBYAN ARAB JAMAHIRIYA 2539 LIECHTENSTEIN 2029 LITHUANIA 2117 LUXEMBOURG 2009 MACAO 1235 MACEDONIA 2026 MADAGASCAR 2540 MALAWI 2541 MALAYSIA 1205 MALDIVES 1265 MALI 2519 MALTA 2021   

CODE‐3 REGION AND COUNTRY/TERRITORY (Alphabetically Arranged) COUNTRY NAME COUNTRY CODE MARSHALL ISLANDS 1225 MARTINIQUE 0150 MAURITANIA 2524 MAURITIUS 2542 MAYOTTE 2606 MEXICO 0110 MICRONESIA, FEDERATED STATES OF 1266 MOLDOVA, REPUBLIC OF 2116 MONACO 2030 MONGOLIA 1305 MONTENEGRO 2027 MONTSERRAT 0137 MOROCCO 2543 MOZAMBIQUE 2555 MYANMAR 1261 NAMIBIA 2560 NAURU 1237 NEPAL 1238 NETHERLANDS 2010 NETHERLANDS ANTILLES 0123 NEW CALEDONIA 1239 NEW ZEALAND 1223 NICARAGUA 0111 NIGER 2525 NIGERIA 2544 NIUE 1273 NORFOLK ISLAND 1244 NORTHERN MARIANA ISLANDS 1267 NORWAY 2011 OMAN 1218 OTHERS 2999 PAKISTAN 1201 PALAU 1269 PALESTINIAN TERRITORY, OCCUPIED 1212   

CODE‐3 REGION AND COUNTRY/TERRITORY (Alphabetically Arranged) COUNTRY NAME COUNTRY CODE PANAMA 0112 PAPUA NEW GUINEA 1245 PARAGUAY 0119 PERU 0120 PHILIPPINES 1240 PITCAIRN 2607 POLAND 2109 PORTUGAL 2012 PUERTO RICO 0151 QATAR 1216 REUNION   2526 ROMANIA 2110 RUSSIAN FEDERATION 2112 RWANDA 2561 SAINT BARTH‚LEMY 2608 SAINT HELENA 2545 SAINT KITTS AND NEVIS 0139 SAINT LUCIA 0140 SAINT MARTIN (FRENCH PART) 0152 SAINT PIERRE AND MIQUELON 0141 SAINT VINCENT AND THE GRENADINES 0142 SAMOA 2609 SAN MARINO 2028 SAO TOME AND PRINCIPE 2559 SAUDI ARABIA 1241 SCOTLAND 2034 SENEGAL 2527 SERBIA 2111 SEYCHELLES 2546 SIERRA LEONE 2547 SINGAPORE 1206 SLOVAKIA 2124 SLOVENIA 2122 SOLOMON ISLANDS 1256   

CODE‐3 REGION AND COUNTRY/TERRITORY (Alphabetically Arranged) COUNTRY NAME COUNTRY CODE   SOMALIA 2548 SOUTH AFRICA 2570 SOUTH GEORGIA 2610 SPAIN 2016 SRI LANKA 1202 SUDAN 2549 SURINAME 0143 SVALBARD AND JAN MAYEN 2611 SWAZILAND 2550 SWEDEN 2013 SWITZERLAND 2014 SYRIAN ARAB REPUBLIC 1242 TAIWAN, PROVINCE OF CHINA 2565 TAJIKISTAN 1310 TANZANIA, UNITED REPUBLIC OF 2551 THAILAND 1247 TIMOR‐LESTE (EAST TIMOR) 2126 TOGO 2528 TOKELAU 2612 TONGA 1250 TRINIDAD AND TOBAGO 0144 TUNISIA 2552 TURKEY 2015 TURKMENISTAN 1311 TURKS AND CAICOS ISLANDS 0153 TUVALU 1251 UGANDA 2553 UKRAINE 2113 UNITED ARAB EMIRATES (UAE) 1219 UNITED KINGDOM (UK) 2000 UNITED STATES (USA) 0000 UNITED STATES MINOR OUTLYING ISLANDS 2613 URUGUAY 0121 UZBEKISTAN 1308   

CODE‐3 REGION AND COUNTRY/TERRITORY (Alphabetically Arranged) COUNTRY NAME COUNTRY CODE VANUATU 1252 VATICAN CITY 2006 VENEZUELA, BOLIVARIAN REPUBLIC OF 0115 VIET NAM 1306 VIRGIN ISLANDS, BRITISH 2025 VIRGIN ISLANDS, U.S. 0145 WALLIS AND FUTUNA 2614 WEST INDIES N.I.E. 0146 WESTERN  HAMP SHIRE 2127 WESTERN SAHARA 2571 WINDWARD ISLANDS 0147 YEMEN 1213 ZAMBIA 2557 ZIMBABWE 2558