Bangladesh Bank (BB) has made it mandatory for resident Bangladeshis to sell the amount in excess of US$10,000 to authorised dealer banks or licensed money changers, or credit the amount as a resident foreign currency deposit within one month of arrival in the country from abroad.
The central bank issued a notification in this regard on Wednesday and sent it to every bank for displaying it to raise awareness, reports UNB.
The BB notification also said that holding foreign currency beyond the limit will be punishable under the Foreign Exchange Regulation Act, 1947.
Resident Bangladeshis are requested to sell unauthorised foreign currency to authorised dealer banks or licensed money changers by September 30.
