Bangladesh Bank (BB) has relaxed its foreign exchange release policy for individuals seeking medical treatment abroad.
The central bank, through FE Circular No. 37 on Tuesday announced the revision, extending the previously established limit for foreign exchange release related to health grounds.
Previously, authorized dealers could release a maximum of 10,000 US dollars or its equivalent for medical treatments overseas.
However, in light of the needs arising from the Students-People's uprising during July 2024, this limit has now been relaxed.
Authorized Dealers (ADs) are instructed to provide foreign exchange based on a newly established estimation process, addressing the exigencies for those injured during the recent upheaval. In addition, the bank highlighted that transactions can be facilitated through both traditional banking channels and international card services.
The central bank emphasized that all other existing instructions regarding foreign exchange transactions will remain consistent and should be adhered to without alteration. Authorized Dealers are requested to disseminate this vital information to their respective clients and stakeholders promptly.
