Online reporting of foreign exchange transactions

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd Circular Letter No.FEPD(Export)220/2012-26 Date: December 09, 2012 Head Offices/Principal Offices of All Authorized Dealer Banks in Bangladesh Dear Sirs, Online reporting of foreign exchange transactions Please refer to the Guidelines for Foreign Exchange Transactions (GFET), Vol-1 & 2 and subsequent FE Circulars/Circular letters in terms of which Authorized Dealers (ADs) submit several statements/returns to Bangladesh Bank. 02. Bangladesh Bank has taken initiative to receive online statements through its web portal. As part of this program, Foreign Exchange Operation Department (FEOD) has already started monitoring export transactions through online reports submitted by ADs. In addition to export transactions, Bangladesh Bank has developed online reporting system for all types of cross border foreign exchange transactions including foreign exchange transactions through inland back to back letters of credit. ADs are, therefore, advised to report all types of their foreign exchange transactions carried out from January 01, 2013 to FEOD, Bangladesh Bank on daily basis through web portal. 03. As usual, ADs shall continue submission of statements/returns to Bangladesh Bank in accordance with the directives contained in the GFET and subsequent circulars until further direction. Please bring the instructions to the notice of all concerned. Yours faithfully, (Md. Golam Haider) Deputy General Manager Phone: 9530092