BB allows $10,000 for travel abroad on medical grounds
July 10, 2019 00:00:00
Bangladesh Bank (BB) now allows releasing US$10,000 or an equivalent amount through authorised dealers for travel abroad on health grounds of Bangladeshi nationals against documentary medical evidences, reports BSS.
"Such facility may also be usable through international cards (prepaid or debit or credit), subject to adherence to applicable instructions," according to a BB circular issued on Tuesday.
To streamline card reporting procedure, the circular said, a new field named "Medical Quota" has been added under ENTITLEMNT menu in online international card monitoring system for reporting of foreign exchange released through international cards (prepaid or debit or credit) for travelling abroad on health grounds.
In accordance with the above reporting procedure, authorised dealers (ADs) are advised to report foreign exchange transactions executed through international cards on account of health grounds.