Dhaka, May 8 -- The Bangladesh Bank on Thursday issued a consolidated circular, introducing a unified regulatory framework for governing outward remittances related to transportation services.

The new directive aims to streamline foreign exchange operations, enhance compliance clarity, and reduce procedural fragmentation across multiple earlier instructions.

According to the circular, foreign exchange transactions for outward remittances continue to be governed under the Foreign Exchange Regulation (FER) Act, 1947, along with relevant subsequent circulars.

In a move toward regulatory simplification, the central bank has compiled existing instructions relating to transportation-related foreign exchange transactions into a single consoli...