Bangladesh doubles freelancers' remittance receipt limit
Dhaka, Bangladesh, Sept. 15 -- The central bank of Bangladesh has doubled the limit of small service exporters for receiving remittances through online gateway operators.
These small-value exporters are now allowed to receive overseas payments of maximum US$10,000 instead of the earlier $5,000 through the Online Payment Gateway Service Providers such as Xoom, a Paypal service, Payza and Payoneer.
The new ceiling was announced in a notice issued by the Bangladesh Bank (BB), the country's central bank, on Thursday.
"We've enhanced such transaction limit to facilitate the freelancers," a BB senior official said while explaining the main objective of the missive.
The authorised dealer (AD) banks had earlier been empowered to handle inflow...
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