Forex ceiling for business travel raised

12 March 2014 bdnews24.com


Exporters, importers, producers for local market will be entitled to forex travel quota of $ 400 a day, $ 4000 a trip, and $ 10000 a year.
Previously, the yearly quota was $5000.
Also, exporters will be entitled to use balances in their foreign currency retention quota account for their business visits abroad, said the Bangladesh Bank's Foreign Exchange Policy Department in a circular on Monday.
Foreign nationals, who are employed in Bangladeshi organisations with valid visas and work permits, can use the same business travel quota as Bangladesh nationals.

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