Regulatory Alerts2015-08-02
Added · Updated
FEPD Circular Letter No. 14: Regarding Sales of Releasable Cash Foreign Currency by Money Changers to be Carried with Hajj Pilgrims
The Department of Foreign Exchange Policy amends previous guidelines to allow money changers to release a maximum of USD 1,000 or equivalent in cash per person to both government and private Hajj pilgrims for the 1436 Hijri year. This release is conditional upon the presentation of an endorsed international passport and ticket issued no more than two weeks before the travel date. Money changers must verify that the signature on the application matches the pilgrim's passport and must submit photocopies of these applications with their monthly transaction reports to Bangladesh Bank.
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