FE Circular No. 11: Import and Export of Currency Notes and Coins

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka Ref No.: FE-11/2009 20 Srabon, 1416 FE Circular No. 11 dated 04 August, 2009

To All Approved Dealer Banks of Foreign Exchange Transactions

Dear Sir,

Import and Export of Currency Notes.

In exercise of the powers conferred by Section 8(1) of the Foreign Exchange Regulation Act, 1947 and Government Notification No. AF 1(8)-AF/49 dated 2 May, 1949, the Bangladesh Bank has hereby increased the amount of Bangladeshi currency that is not admissible without declaration to the Customs Authority upon arrival in Bangladesh from the form prescribed by the Bangladesh Bank, from Tk 500/- to Tk 2,000/- per head, pursuant to the Notification No. FE-2/94-Bibh dated 12 November, 1994 of the Bangladesh Bank.

And in exercise of the powers conferred by Section 8(2) of the same Act, the limit for carrying Bangladeshi currency declared upon departure from Bangladesh, pursuant to Notification No. FE-1/94-Bibh dated 12 November, 1994 of the Bangladesh Bank, has also been increased from Tk 500/- to Tk 2,000/-.

Notification No. FE-01/09-Bibh dated 04 August, 2009 of the Bangladesh Bank on this subject is reprinted on the next page.

2. The instructions in paragraphs 1 and 9 of Chapter 6 of Volume I of the Guidelines for Foreign Exchange Transactions 2009 shall be deemed to be amended accordingly.

All concerned parties are requested to take note of the above matter. You are requested to acknowledge receipt of this kind favor.

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka 20 Srabon, 1416

FE-PID Circular No. 11 dated 04 August, 2009

To All Offices of Bangladesh Bank,

You are requested to distribute the aforementioned FE Circular No. 11, dated 04 August, 2009, to all approved dealer banks under your jurisdiction.

(Chandkar Abdus Salam) Deputy General Manager Phone-7120375