BB allows e-CAB members to remit abroad $10,000 annually
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DHAKA, May 2, 2021 (BSS) – Bangladesh Bank (BB) today allowed members of the e-Commerce Association of Bangladesh (e-CAB) to remit abroad US$10,000 in a year each to meet their legitimate current expenses.
“To facilitate e-commerce trade in the country, it has been decided that Authorized Dealers (ADs) may allow annual remittance facilities of $10,000 or its equivalent to a member firm of e-CAB for meeting bonafide current expenses abroad through traditional banking channel or card channel. In this case, ADs may issue refillable international credit or pre-paid card with USD 2,000 to the nominated official of the remitter within the limit,” said a BB circular issued today.