The BB in a circular yesterday relaxed its guidelines for foreign exchange transaction to ease pressure on the ongoing foreign dollar crisis.

A BB source said it often takes time if the banks have to take permission from the BB, besides since the banks are suffering from dollar crisis they will also be benefited by acquiring dollar from foreign nationals.

The source also said there is also little risk in this kind of transaction as these people work for international organisations it is very unlikely for them to indulge in any sort of irregularities.

However, while buying cheques from foreign nationals the banks need to be fully satisfied about collectivity of cheque proceeds in foreign currency within four weeks of purchase as well as make sure that there is no difficulty in collection of the cheque money.