FEPD Circular No. 05: Currency Note Import and Export

Foreign Exchange Policy
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd

FEPD Circular No.-05
Date: 17 Magh, 1420
30 January, 2014

To All Approved Dealer Banks for Foreign Exchange Transactions

Dear Sir,

Currency Note Import and Export.

In exercise of the powers conferred by Section 8(1) of the Foreign Exchange Regulation Act, 1947 and Government Notification No. F 1(8)-EF/49 dated 2 May, 1949, the amount of Bangladeshi currency notes that are easily convertible and not declared to the Customs authorities in the format prescribed by the Bangladesh Bank upon arrival in Bangladesh from abroad, and the amount of Bangladeshi currency carried for export upon departure, are hereby raised from 2,000/- Taka to 5,000/- Taka per person, pursuant to the Bangladesh Bank Notification No. FE-01/09-BB dated 04 August, 2009 and FEP Circular No. 11 issued on the same date.

The Bangladesh Bank Notification No. FE-01/2014-BB dated 30/01/2014 regarding this matter is reproduced on the next page.

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

3. Other directives contained in the Annexed Notification No. FE-01/09-BB dated 04 August, 2009, issued via FEP Circular 11 on 04 August, 2009, shall remain unchanged.

All concerned parties are requested to take note of the above.

Yours faithfully,
(Signed)
(Jagannath Chandra Ghosh)
Deputy General Manager
Phone: 9530092

Bangladesh Bank
Notification No. FE-01/2014-BB
Dhaka, 17 Magh, 1420 (30th January, 2014)

Currency Note Import and Export

The Notification No. FE-01/09-BB of the Bangladesh Bank dated 20 Srabon, 1416 (04 August, 2009) is hereby amended as follows:

In sub-paragraphs (b) and (2) of paragraph 1 of the Notification, the phrase "Bangladeshi currency notes of an amount exceeding two thousand Taka" shall be read as "Bangladeshi currency notes of an amount exceeding five thousand Taka"; and in sub-paragraph (a) of paragraph 2, the phrase "Bangladeshi currency notes of a value not exceeding two thousand Taka" shall be read as "Bangladeshi currency notes of a value not exceeding five thousand Taka".

Signed/-
(Naznin Sultan)
Deputy Governor