Siyam Hoque

2020-03-30 13:46:54 BdST

BB asks banks to release foreign exchange of travellers’ card

The central bank has relaxed regulations allowing banks to release foreign exchange within the permissible limit of travel and/or medical entitlement in their international cards.

Alternatively, the authorised dealer (AD) banks can remit fund to the designated accounts abroad by way of bank transfer or make it available to them through exchange houses on credit in the concerned Taka Accounts maintained under drawing arrangements, according to a notification issued by the Bangladesh Bank (BB) on Sunday night.

“We’ve relaxed our regulations to provide foreign currency to Bangladesh nationals visiting abroad who are facing problems while returning home due to travel disruptions arising out of the COVID-19 pandemic,” a senior official of the BB told the FE while explaining the main objective of the notification.

Such relaxation will be applicable till April 30, 2020.

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