Region

Jurisdiction

Regulator

2020-03-16

Added 2026-08-09 · Updated 2026-08-14

STD Circular Letter No. 01: Regarding Remittance Reporting received from Bangladeshi Mariner/ Aircraft Pilot

This circular mandates that remittances sent by Bangladeshi mariners and aircraft pilots working for foreign shipping or airline companies (excluding government-owned entities) must be reported under Invisible Income (IDFB-5), specifically code IDFB-3020, in the relevant schedule of the Statistics Department. This reporting requirement applies to funds received as foreign income and remains in effect as per the Statistics Department's guidelines. Authorized dealers are instructed to inform all concerned parties about this specific reporting obligation.

Bangladesh

Bangladesh Bank

Statistics Department Bangladesh Bank Head Office Dhaka. Ref. No. STD/CL/01

02, Chaitra 1426 STD Circular Letter No. 01 Date: ---------------- 16, March 2020

To: All Approved Dealer Banks engaged in Foreign Exchange Transactions.

Dear Sir,

Subject: Reporting of Remittances Received as Foreign Income from Bangladeshi Mariners/Aircraft Pilots.

In accordance with the instructions issued by the Foreign Exchange Policy Department in its FE Circular Letter No. 08 dated 11 March 2020, cash assistance will be available against remittances sent through alternative channels as foreign income by Bangladeshi mariners/aircraft pilots employed in foreign offices of Bangladeshi shipping lines/airlines (excluding establishments owned by the Government of Bangladesh) and foreign shipping lines/airlines.

You are hereby informed that the information regarding remittances sent as foreign income by the aforementioned parties will continue to be reported in the Invisible Income (IDFB-5) - IDFB-3020 column of the relevant schedule of the Statistics Department, in accordance with the guidelines of the Statistics Department.

All concerned are requested to be informed about this matter.

Yours faithfully,

(Ashrafi Alam) Deputy General Manager Phone: 9530106