Regulatory Alerts2016-03-07
Added · Updated
FEPD Circular No. 06: Amendment of FMJ Form
The Bangladesh Bank has amended the FMJ (Foreign Exchange Declaration) Form, increasing the amount of Bangladeshi currency that passengers can bring into or take out of the country without declaration to customs authorities from Taka 2000 to Taka 5000. This change applies to all Authorized Dealer Banks for foreign exchange transactions and all licensed Money Changer institutions. The circular also clarifies existing regulations regarding the declaration of foreign currency, specifying that no declaration is needed for amounts up to US$ 5000 or equivalent, and outlines rules for encashment and retention of foreign currency by resident and non-resident Bangladeshis. Additionally, it states that adult female passengers may carry any quantity of personal jewellery worn or as part of their baggage.
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