BB revises forex quota for businessmen

Bangladesh Bank (BB) has revised up the foreign exchange quota for businessmen, reports BSS.

The central bank in a circular on Monday said exporters, importers and producers for the local market would be entitled to foreign exchange quota for travel abroad at $400 per day, subject to limits of $4,000 per trip and $10,000 over a calendar year.

Besides, exporters will also be entitled to use balances in their foreign currency retention quota account for their business visits abroad.

Top two tiers senior level expatriate foreign nationals employed in business organisations in Bangladesh with valid visas and work permits will be entitled to the same business travel quota as Bangladesh nationals, which can be used through international credit and debit cards held by them.