• Friday, October 31, 2014

BB raises forex quota for business travellers

Star Business Report

Bangladesh Bank has raised the annual foreign exchange quota for business travel from $6,000 to $10,000.
The quota limit per trip has been set at $4,000, BB said in a notice yesterday.
Exporters, importers and producers for the local market are entitled to this foreign exchange quota. In addition to the quota, exporters will also be entitled to use the balance in their foreign currency retention quota account for their business visits abroad.
In addition, senior expatriate foreign nationals employed in business organisations in Bangladesh with valid visas and work permits will be entitled to the same business travel quota that can be used through international credit/debit cards held by them, according to the circular.
It said genuine requirements beyond the entitlements mentioned above will be accommodated by BB upon submission of an application supported by documents.

Published: 12:00 am Tuesday, March 11, 2014

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