FEPD Circular No. 38: Regarding Correction of FMJ Form

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka FEPD Circular No. 38 Date: 13 November, 2017 To all Approved Dealer Banks for Foreign Exchange Transactions and all Licensed Money Changer Institutions.

Dear Sir,

Regarding Correction of FMJ Form.

Through FEPD Circular No. 37 dated 15 October, 2017, the amount of portable Bangladeshi currency per person allowed to be carried upon arrival in Bangladesh and upon departure from Bangladesh was increased from BDT 5,000/- (Five Thousand) to BDT 10,000/- (Ten Thousand). In light of this, necessary corrections have been made to the FMJ Form. A specimen of the corrected FMJ Form (Passenger Copy) is enclosed herewith.

All concerned parties are requested to take note of the aforementioned matter.

Enclosure: As above.

Yours faithfully,

(Md. Shahidul Islam) Deputy General Manager Phone: 9530625

Third Copy (For Reference) Passenger Copy (Original Copy)

Foreign Exchange Declaration Form (Foreign Exchange Declaration Form) (Submitted to Bangladesh Bank under Section 8(1) of the Foreign Exchange Regulation Act, 1947) (Declaration of Foreign Exchange under Section 8(1) of the Foreign Exchange Regulation Act, 1947)

This form must be filled out by persons arriving in Bangladesh.

Full Name: Nationality: Passport No. Date of Issue Place of Issue: Date and Time of Arrival Flight No. Address in Bangladesh Period of Stay Abroad Profession Contact Number

Declaration

Cash Foreign Currency and Bearer Instruments (Drafts, Pay Orders, Traveler's Cheques, etc.) brought along / Amount of Foreign Currency and Bearer Instruments

Description of Foreign Currency Amount (In Words)

I, the undersigned, hereby declare that the information provided above is correct.

Signature at Customs Date

Signature of Declarant Date

FMJ Form Foreign Exchange Declaration

(Information for the Declarant)

1. Any person arriving in/departing from Bangladesh may carry up to BDT 10,000/= (Ten Thousand) in Bangladeshi currency.

2. Any person arriving in Bangladesh or departing from Bangladesh may bring/take Bangladeshi currency not exceeding BDT 10,000/= (Ten Thousand).

3. Cash foreign currency and bearer instruments may only be cashed through licensed money changers/approved dealer banks. However, if the amount of cash foreign currency brought is up to USD 5,000/= or equivalent, it may be cashed through any licensed money changer/approved dealer bank. If the amount of cash foreign currency brought exceeds USD 5,000/=, it may only be cashed through a licensed money changer/approved dealer bank. The cashing of cash foreign currency exceeding USD 5,000/= through any licensed money changer/approved dealer bank must be done within 30 days of arrival. Cash foreign currency exceeding USD 5,000/= may be cashed through any licensed money changer/approved dealer bank within 30 days of arrival. Cash foreign currency exceeding USD 5,000/= may be cashed through any licensed money changer/approved dealer bank within 30 days of arrival.

4. A declaration of the amount of foreign currency brought upon arrival in Bangladesh must be made to the Customs Authority. However, if the amount of foreign currency brought is up to USD 5,000/= or equivalent, no declaration to the Customs Authority is required. In the case of foreigners, the total foreign currency brought along with the declaration and up to USD 5,000/= brought without declaration may be repatriated freely upon leaving Bangladesh. Up to USD 5,000/= brought without declaration may also be retained along with and carried along upon departure from Bangladesh for Bangladeshi nationals; furthermore, any amount brought by resident Bangladeshi nationals must be cashed/deposited in the applicable type of foreign currency account within 30 days of arrival in Bangladesh. Such amounts brought by non-resident Bangladeshi nationals may be cashed or deposited in a foreign currency account at any time after returning to Bangladesh.

5. Cash foreign currency and bearer instruments may only be cashed through licensed money changers/approved dealer banks.

6. Foreign currency brought along must be cashed through licensed money changers/approved dealer banks.

7. Any adult female passenger arriving in/departing from Bangladesh may carry any amount of personal jewelry as part of her personal attire or personal baggage.

8. Any adult female passenger arriving in Bangladesh or departing from Bangladesh may bring/take any amount of personal jewelry as part of her personal attire or personal baggage.