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The Foreign Exchange Regulation Act, 1947

Section 20Supplemental provisions

In force

s. 20

20. Supplemental provisions [***] (2) Nothing in this Act relating to the payment of any price or sum by the Government shall be constructed as requiring the Government to pay that price or sum otherwise than in Bangladesh currency or otherwise than in Bangladesh. (3) The Bangladesh Bank may give directions in regard to the making of payments and the doing of other acts by bankers, authorised dealers, travel agents, carriers, whether common or private, stock brokers and other persons who are authorised by the Bangladesh Bank to do anything in pursuance of this Act in the course of their business, as appear to it to be necessary or expedient for the purpose of securing compliance with the provisions of this Act and any rules, orders or directions made thereunder. [(4). Bangladesh Bank, may, by notification in the official Gazette, require any or all individual or class of individual (other than diplomats or any group of individual, as specified in the notification) who is not a citizen of Bangladesh, but staying or working in Bangladesh or providing any service in Bangladesh for any period to any person to provide information, which Bangladesh Bank considers it necessary or expedient for the purpose of this Act, to Bangladesh Bank or any other authority, as stated in such notification.]

  1. 24. Sub-section (1) was omitted by section 10(a) of the Foreign Exchange Regulation (Amendment) Act, 2015 (Act No. XVII of 2015).
  2. 25. Sub-section (4) was added by section 10(b) of the Foreign Exchange Regulation (Amendment) Act, 2015 (Act No. XVII of 2015).

End of s. 20.

Read the contents: The Foreign Exchange Regulation Act, 1947