Bangladesh Bank on Monday decided to double the foreign exchange quota for business travel to $ 10,000 per year. The BB enhanced the amount by $ 5,000 to $ 10,000 per year from the previous $ 5,000 for traveling to foreign countries. To this end, the BB issued a circular to authorised dealer branches of all scheduled banks saying that the exporters, the importers and the producers for the local market would be able to spend $ 400 in a day when they will visit foreign countries.
A businessman will spend the highest US$ 4,000 in a single trip in a foreign country, the circular said.
The senior level (top two tiers) 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, the BB said.
Genuine requirements beyond the entitlements enumerated above will be accommodated by the BB upon submission of application supported by documents establishing bonafides of the additional requirements, it said.
-With New Age input
