Submit monthly statements within 15 days of next month

The Bangladesh Bank (BB) has instructed the private airlines operating in international routes to submit their monthly statements to its Foreign Exchange Operation Department of Head Office or area office concerned within 15 days of the following month.

Bangladeshi private airlines can make disbursement in respect of bonafide transactions only out of their receipts at foreign ports. They are under the obligation of regular repatriation of the excess collection if any, according to a BB circular.

The private airlines should make an application to the Foreign Exchange Operation Department of Head Office or area office concerned of BB for remittance of the deficit or for meeting bonafide items of the disbursement, it said.

Besides, they have been instructed to comply with the Guidelines for Foreign Exchange Transactions (GFET).

The statements should be submitted through one nominated AD (authorised dealer) bank branch only, the circular also said.

Prior approval from BB is not required for changing the nominated AD.

However, a statement certified by the existing nominated AD with regard to remittances made up to date has to be forwarded to the proposed new nominated AD, it added.

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