How much foreign currency can be taken out of Bangladesh?
16/05/16 at 2:50 pm
All types of dealings in foreign exchange are guided by The Foreign Exchange Regulation Act 1947, which is administered by Bangladesh Bank.
An adult passenger can take out up to US$ 12,000 during a calendar year for global private travel. Out of the US$ 12,000, up to US$ 5,000 or equivalent for travel to SAARC member countries and Myanmar, and up to US$ 7,000 or equivalent for travel to other countries.
For minors (below 12 years in age) the applicable quota will be half the amount admissible for adults. However, foreign exchange (take out from Bangladesh) in the form of cash must not exceed US$ 5,000 per person per trip. (Ref. FE Circular No. 17 of 06/04/2014 and FE Circular No. 02 of 11/02/2015)
For official or semi-official visits abroad by the officials of Government/Autonomous/Semi-autonomous institutions etc., ADs may release foreign exchange as per entitlements fixed by the Ministry of Finance/respective competent authority from time to time. In such cases, the applicant for foreign exchange shall be required to submit the Competent Authority's Order/Notification /Circular authorizing the travel abroad. (Ref. Para 3, Chapter 12 of GFET, Guidelines for Foreign Exchange Transactions)
[This is for informational purposes only. In case of contradiction of conflict with relevant Act/Rules, provisions mentioned
or referred to in the said Act/Rules shall prevail.]