Bangladesh Bank (BB) has instructed that people of Bangladesh can keep maximum of foreign currency $10,000 for a month.

A notification regarding this has been issued by the central bank on Wednesday (Aug 31).

According to it, a resident Bangladeshi can’t keep more than $10,000 cash, or foreign currency of equivalent.

The circular also states that it is mandatory for resident Bangladeshi citizens to sell the excess amount of foreign currency to an authorized dealer bank/licensed money changer or deposit it as resident foreign currency deposit within one month of arrival in the country from abroad.

The BB notification said that possession of foreign currency outside the limit will be an offense, punishable under the Foreign Exchange Regulation Act, 1947.

Resident of Bangladesh are requested to sell unauthorized foreign currency to authorized dealer banks/licensed money changers by September 30.

BDST: 2131 HRS, AUG 31, 2022
MSK