Regulatory Alerts2014-01-30
Added · Updated
FEPD Circular No. 05: Currency Note Import and Export
The Bangladesh Bank raises the threshold for declaring undeclared Bangladeshi currency notes upon entry and the amount permitted for export from 2,000 Taka to 5,000 Taka per person. This amendment modifies the Bangladesh Bank Notification No. FE-01/09-BB and the Guidelines for Foreign Exchange Transaction, 2009, while other directives from the August 4, 2009 notification remain unchanged. The changes are effective as of January 30, 2014, and apply to all approved dealer banks conducting foreign exchange transactions.
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.
-
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.
-
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
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.