Bangladesh Bank has issued a consolidated circular introducing a unified regulatory framework for outward remittances linked to transportation services, aiming to simplify foreign exchange operations and reduce regulatory fragmentation.
The central bank issued the directive on Thursday, compiling existing rules on transport-related foreign exchange transactions into a single framework with updated provisions for operational ease.
The circular will remain effective until May 2027, Bangladesh Bank said.
Any additional instructions issued during the period will be read together with the new framework.
The consolidated guidelines cover foreign exchange transactions involving international transport services, including ticket issuance, freight charge collection and remittances by foreign airlines and shipping companies.
The framework also includes rules for state-owned operators such as Biman Bangladesh Airlines and Bangladesh Shipping Corporation.
Private sector operators, including airlines, shipping companies, courier services and freight forwarders, have also been brought under the unified guideline.
The circular outlines procedures for maintaining and operating foreign currency accounts by transport operators engaged in international services.
It also includes updated rules for tour operators handling foreign exchange transactions related to outbound travel.
Bangladesh Bank said the move aims to improve compliance clarity, operational consistency and transparency in the transport and travel-related services sector.
