FEPD Circular No. 11: Revision of Business Travel Quota Entitlements

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. www.bb.org.bd FE Circular No. 11 Date: March 10, 2014 All Authorized Dealers of Foreign Exchange in Bangladesh Dear Sirs, Business travel quota entitlements – revision of Business travel quota entitlements for new exporters, manufacturers for domestic markets and importers laid down at paragraph 7, chapter 12 of the Guidelines for Foreign Exchange Transactions, Vol-1 (2009 edition) will stand revised as under, with immediate effect: (i) Exporters, importers and producers for the local market will be entitled to foreign exchange quota for travel abroad @ USD 400 per diem, subject to limits of USD 4,000 per trip and USD 10,000 over a calendar year. Besides, exporters will also be entitled to use balances in their foreign currency retention quota account for their business visits abroad. (ii) Senior level (top two tiers) expatriate foreign nationals employed in business organizations in Bangladesh with valid visas and work permits will be entitled to the same business travel quota as Bangladesh nationals; which can be used through international credit/debit cards held by them. 02. Genuine requirements beyond the entitlements enumerated above will be accommodated by Bangladesh Bank upon submission of application supported by documents establishing bonafides of the additional requirements. Please bring the above revision to the notice of all your concerned constituents. Yours faithfully, (Md. Abdul Mannan) Deputy General Manager Phone: 9530319