Foreign Exchange guideline vol 1

Foreign Exchange guideline vol 1

CHAPTER 2
SECTION - I

AUTHORISED DEALERS AND MONEY CHANGERS

1.
Bangladesh Bank issues licences normally to scheduled banks to
deal in foreign exchange. All applications for Authorised Dealer
Licence should be made to the General Manager, Foreign Exchange
Policy Department, Bangladesh Bank, Head Office, Dhaka with a
declaration that 'Guidelines on Managing Core Risks in Banking'
(as prescribed by Bangladesh Bank vide BRPD Circular No. 17,
dated 07 October, 2003) pertaining to treasury functions in foreign
exchange are already in place and all steps have been taken by the
bank for internal monitoring and supervision of the branches for
carrying out foreign exchange transactions. Besides, the bank
should also provide information showing that it has adequate
manpower trained in foreign exchange and there is prospect to
attract reasonable volume of foreign exchange business in the
desired location and the applicant bank meticulously complies with
the instructions of the Bangladesh Bank especially with regard to
submission of periodical returns.
2.
Licences with limited scope are also issued to persons or firms
(e.g. hotels, bank booths, gift shops etc.) to exchange foreign
currency notes, coins, and travellers' cheques (TCs) in places where
money changing facilities are required. The authorisations are
granted to persons or firms of adequate means and status who, in
the opinion of the Bangladesh Bank, will be able to conduct their
dealings strictly in accordance with the foreign exchange
regulations. Applications for the grant of licences with limited
scope should be made to the General Manager, Foreign Exchange
Policy Department, Bangladesh Bank, Head Office, Dhaka.
3.
Bangladesh Bank may also issue "Money Changer" licences to
persons/firms desirous of undertaking, as their sole line of business,
the purchase and sale of foreign currency notes, coins, TCs from
and to incoming and outgoing tourists. ADs are advised to process
applications for licences on behalf of their customers provided
Bangladesh Bank decides to issue new licences and forward the
same with recommendation to the General Manager, Foreign
Exchange Policy Department, Bangladesh Bank, Head Office.
Instructions to be followed by the money changers are given in the section II of this chapter.

 Source: www.http://www.bangladesh-bank.org/aboutus/regulationguideline/foreignexchange/fegv1cont.php

SL.	Chapters	Foreign Exchange Guideline Vol 1(link)
1	1.	Introductory. detail.. (26 KB)
2	2.	Section 01 :Authorised Dealers and Money Changers. detail.. (33 KB)
3		Section 02: Instruction for Money Changers. detail.. (25 KB)
4	3.	Bangladesh Bank's Transactions with ADS. detail.. (22 KB)
5	4.	Section 1: Foreign Currency Accounts of the ADS and Purchase and Sale of Foreign Currency. detail.. (23 KB)
6		Section 2: Forward Dealings in Foreign Exchange. detail.. (25 KB)
7		Section 3: Hedging the Price Risk of Commodities detail.. (23 KB)
8		Section 4: Non-Resident Taka Accounts of Foreign Bank Branches and Correspondents detail.. (21 KB)
9	5	Section 1: Outward Remittances. detail.. (24 KB)
10		Section 2: Inward Remittances. detail.. (22 KB)
11		Section 3:Dealing in Foreign Currency Notes and Coins etc. detail.. (21 KB)
12	6	Import and Export of Currency Notes and Coins, Foreign Exchange, Gold, silver, Jwellery and Securities etc. detail.. (29 KB)
13	7	Section 1: Imports. detail.. (50 KB)
14		Section 2: Letters of Credits and Remittances against Imports. detail.. (52 KB)
15		Section 3: Back to Back LCs detail.. (27 KB)
16		Section 4: Deposit of Counterpart Fund in respect of Imports under Non-Project Commodity Loans/Credits/Grants detail.. (32 KB)
17	8	Section 1: Exports. detail.. (52 KB)
18		Section 2: Export from the Export Processing Zone. detail.. (24 KB)
19	9	Section 1: Foreign Investment in Bangladesh. detail.. (28 KB)
20		Section 2: Operations in Securities detail.. (24 KB)
21	10	Commercial Remittances (Other than for Imports) detail.. (86 KB)
22	11	Private Remittances. detail.. (45 KB)
23	12	Travels. detail.. (60 KB)
24	13	Section 1: Private Foreign Currency Accounts. detail.. (32 KB)
25		Section 2: Non-Resident Private Foreign Currency Deposit Accounts. detail.. (26 KB)
26		Section 3: Resident Private Foreign Currency Deposit Accounts. detail.. (24 KB)
27		Section 4: Exporter's Retention Quota Accounts. detail.. (28 KB)
28		Section 5: Foreign Currency Accounts for the EPZ Companies. detail.. (23 KB)
29	14	Section 1: Convertible and Non-convertible Taka Accounts. detail.. (23 KB)
30		Section 2: Private Non-Resident Taka Accounts. detail.. (37 KB)
31		Section 3: Non-Resident Blocked Taka Accounts. detail.. (25 KB)
32		Section 4: Non-Resident Investor's Taka Accounts (NITA). detail.. (25 KB)
33	15	Borrowing Abroad by Residents. detail.. (22 KB)
34	16	Section 1: Loans, Overdrafts and Guarantees. detail.. (35 KB)
35		Section 2: Credit Facilities to Industries in Export Processing Zones. detail.. (40 KB)
36	17	Opening of Office and Appointment of Agents in Bangladesh by Non-Residents:Repatriation of Earnings of Commission, Fees Etc. detail.. (32 KB)
37	18	Section 1: Insurance Business. detail.. (29 KB)
38		Section 2: Reinsurance. detail.. (21 KB)
39	19	Payment through International Cards. detail.. (38 KB)
40	Appendix 1	Foreign Exchange Regulation Act, 1947 (VII of 1947). detail.. (70 KB)
41	Appendix 2	Notifications Issued by the Government of the People's Republic of Bangladesh and the erstwhile Government of Pakistan under Foreign Exchange Regulation Act, 1947 (VII of 1947). detail.. (65 KB)
42	Appendix 3	Notifications Issued by the Bangladesh Bank and the erstwhile State Bank of Pakistan under Foreign Regulation Act, 1947 (VII of 1947). detail.. (74 KB)
43	Appendix 4	List of Bangladesh Bank's offices and their Jurisdictions. detail.. (22 KB)
44	Appendix 5	Specimen Forms of Applications, Declaration, etc. other than Periodic Returns & Schedules. detail.. (314 KB)
45	Appendix 6	Others detail.. (105 KB)