Bangladesh Bank on Monday decided to increase the limit of foreign currency a student can carry while going abroad for studying to $500 from $200.
The BB raised the amount by $300 for every foreign trip by students studying overseas institutions. To this end, the BB issued a circular to authorised dealer branches of all scheduled banks saying that the students would be able to bear $500 in every foreign tour if he or she conducts his or her study with a foreign educational institution.
A central bank official told
New Age on Monday that the central bank had revised the transit
expenses for students as the previous amount was very tiny in the present context.
The BB in 2009 set the forex limit for students at $200.
The BB earlier doubled foreign exchange quota to $10,000 a year for business travel.
-With New Age input
