Bangladesh Bank has doubled the amount of dollars people can take abroad for medical treatment. Until now, up to $15,000 could be taken without approval; the limit has been raised to $30,000. The central bank has also eased the rules for sending foreign currency for education abroad equivalent to secondary and higher secondary level, and for regular academic courses run by correspondence.
Bangladesh Bank issued a circular to that effect on Monday.
Under the new instructions, banks can now release up to $30,000 for medical treatment abroad without Bangladesh Bank’s approval. The previous limit was $15,000.
The rules on education abroad have also been relaxed. The circular said that sending foreign currency abroad for school-level education previously required Bangladesh Bank’s prior approval. Under the new instructions, authorised dealer banks can now release foreign currency for education equivalent to secondary and higher secondary level without the central bank’s prior approval.
Foreign currency can also now be sent without Bangladesh Bank’s prior approval for regular academic courses run by correspondence, as well as for certification and professional courses.
On resident foreign currency deposit (RFCD) accounts, the new instructions say Bangladeshi citizens living in Bangladesh may deposit foreign currency brought in from abroad into these accounts. To do so, the currency must be declared to customs on an FMJ form.
বাংলায় মূল প্রতিবেদন পড়ুন · Read the original Bengali report