The government has doubled the purchasing capacity of an individual shopper at border markets between Bangladesh and India, Bangladesh Bank said on Tuesday.
An individual shopper can now purchase products with respective local
currency equivalent to $100 from the existing $50.The BB issued a circular to authorised dealer branches of all banks saying that as per addendum signed on May 15, 2012 under memorandum of understanding between Bangladesh and India, the maximum purchase limit of the two country’s client increased to respective local currency equivalent to $100 from the existing $50.
A client will be able to spend the money for any particular day in a border market, the circular said.
The direction will be implemented with immediate effect, it added.
-With New Age input