Law of insurance insurance

Expatriates ordered to sell additional foreign currency of 10 thousand dollars

Expatriates can maintain a most of 10,000 bucks or equal overseas foreign money added from abroad. In a brand new instruction, the relevant financial institution stated that if there may be an extra quantity, it’s going to need to be offered. Additional foreign currency

On Wednesday (August 31), Bangladesh Bank made it obligatory to promote overseas currency really well worth greater than $10,000 to legal supplier banks or licensed cash changers inside one month of returning to the country. Additional foreign currency

According to the clicking launch issued on this regard, expatriates also can deposit extra cash withinside the financial institution as resident overseas foreign money deposit.

Keeping overseas foreign money in extra of the required quantity is a punishable offense below the Foreign Exchange Regulation Act, the notification stated. If the extra overseas foreign money isn’t offered by September 30, the relevant financial institution will take strict felony motion towards the accused. Additional foreign currency

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