An Act to regulate certain payments, dealings in foreign exchange and securities and the import and export of currency and bullion.♣
WHEREAS it is expedient in the economic and financial interests of Bangladesh to provide for the regulation of certain payments, dealings in foreign exchange and securities and the import and export of currency and bullion;
It is hereby enacted as follows:-
Short title, extent and commencementa
1. (1) This Act may be called the
Foreign Exchange Regulation Act, 1947.
[ (2) It extends to the whole of Bangladesh, and applies to -
(a) all citizens of Bangladesh;
(b) all persons resident in Bangladesh; and
(c) all persons in the service of the People’s Republic of Bangladesh wherever they may be.]
(3) It shall come into force on such date as the Government may, by notification in the official Gazette, appoint in this behalf.
(4) [Omitted by section 2 of the Foreign Exchange Regulation (Amendment) Act, 1952 (Act No. I of 1952).]
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