Foreign Exchange Guidelines for Bangladesh
INTRODUCTION
1. Assalamualaikum and Good evening , on behalf of my group I welcome you all to the presentation on FOREIGN EXCHANGE GUIDELINES IN BANGLADESH AND FINDING IN THE PROCESS ITS USER FRIENDLYNESS . Ladies and Gentlemen , the very word foreign exchange refers to foreign currency in general but crucially in text-book terms it refers to the process or mechanism by which currency of one country is converted into the currency of another country . Usually such conversion takes place in the occasion of foreign trade i.e. export or import or remittance of earnings both inward and outward by Bangladeshi and Foreign Nationals , then in case of Foreign Direct Investments or at individual level for the purpose of traveling or official visits both by Bangladeshi and Foreign Nationals .
2. Like any other country , to regulate and control smooth functioning of such Foreign Exchange in Bangladesh , Foreign Exchange Regulations are issued by the Government of Bangladesh as well as by the Bangladesh Bank in the form of Notifications which are published in the Bangladesh Gazette . Now the Regulations which provides the legal basis for regulating all payments and dealings of foreign exchange in Bangladesh is known as Foreign Exchange Regulation (FER) Act , 1947 (Act No. VII of1947) , that was enacted on 11th March, 1947 in the then British India , subsequently adapted by Pakistan and eventually after necessary corrections and modifications by appropriate authority it was reproduced and adapted in Bangladesh and is still in vogue . Ladies and Gentlemen by law it is the Foreign Exchange Regulation Act !947 that rules all sorts of transactions of FE in Bangladesh .
1
AIM
3. To provide General Idea on Foreign Exchange Guidelines for Foreign Currency Transactions in common occasions in Bangladesh in a limited scale and deduce as to whether it is user-friendly .
SCOPE
4. The topic will be
1. Assalamualaikum and Good evening , on behalf of my group I welcome you all to the presentation on FOREIGN EXCHANGE GUIDELINES IN BANGLADESH AND FINDING IN THE PROCESS ITS USER FRIENDLYNESS . Ladies and Gentlemen , the very word foreign exchange refers to foreign currency in general but crucially in text-book terms it refers to the process or mechanism by which currency of one country is converted into the currency of another country . Usually such conversion takes place in the occasion of foreign trade i.e. export or import or remittance of earnings both inward and outward by Bangladeshi and Foreign Nationals , then in case of Foreign Direct Investments or at individual level for the purpose of traveling or official visits both by Bangladeshi and Foreign Nationals .
2. Like any other country , to regulate and control smooth functioning of such Foreign Exchange in Bangladesh , Foreign Exchange Regulations are issued by the Government of Bangladesh as well as by the Bangladesh Bank in the form of Notifications which are published in the Bangladesh Gazette . Now the Regulations which provides the legal basis for regulating all payments and dealings of foreign exchange in Bangladesh is known as Foreign Exchange Regulation (FER) Act , 1947 (Act No. VII of1947) , that was enacted on 11th March, 1947 in the then British India , subsequently adapted by Pakistan and eventually after necessary corrections and modifications by appropriate authority it was reproduced and adapted in Bangladesh and is still in vogue . Ladies and Gentlemen by law it is the Foreign Exchange Regulation Act !947 that rules all sorts of transactions of FE in Bangladesh .
1
AIM
3. To provide General Idea on Foreign Exchange Guidelines for Foreign Currency Transactions in common occasions in Bangladesh in a limited scale and deduce as to whether it is user-friendly .
SCOPE
4. The topic will be