Desk Report
Publish: 31 Aug 2022, 09:17 pm
Representational Image || Photo: Collected
The
non-resident Bangladeshis (NRBs) who have more than $10,000 in their possession
will have to sell those to banks or money changers by September 30.
If
they do not comply with the order, strict legal action will be taken against
them, the Bangladesh Bank said in a press release issued on Wednesday.
As
per the current law, a Bangladeshi can bring $10 thousand or the equivalent in
other currencies with them when returning from abroad. They can keep the money
in cash or save it in the bank. For any amount excess of that, they have to
sell it to a money changer or to a bank within one month.
Now
the central bank has sent a reminder to everyone to sell the extra US dollars
before 30 September.
The
Bangladesh Bank said in the statement that possessing more than the legal
amount of US dollars is a punishable offence under the foreign exchange regulation
act, 1947.
The
statement read that if anyone fails to sell the extra US dollars before the
deadline, the bank will take strict legal actions against them.
The
US dollar exchange rate in kerb markets had peaked to Tk 120 recently.
Currently, the price of one US dollar is Tk 105-110 in the kerb markets.
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