Regulatory Alerts2016-05-16
Added · Updated
FEPD Circular No. 16: Release of Foreign Exchange for Travelling Abroad Without Visa
Authorized Dealers may release foreign exchange without a visa to resident Bangladesh nationals traveling to countries offering visa on port entry or arrival, up to the unused annual travel quota entitlement for the specific country. This facility also applies to officials of Government, Semi-Government, and Autonomous bodies on official visits. Authorized Dealers must ensure the traveler's passport has at least six months of validity, verify the visa-on-arrival status, and check previously issued foreign exchange amounts for the current calendar year before issuing further funds. The instruction takes effect immediately and requires reporting to Bangladesh Bank's online monitoring system and endorsement in the passport.
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