BB increases remit limit of IT firms
Dhaka, Bangladesh, Jan. 14 -- The central bank of Bangladesh has increased the remit limit for Information Technology (IT) or Software firms to US$40,000 from the existing level of $30,000 in a calendar year, officials said.
"It has been decided to enhance the limit to $40,000 in a calendar year from $30,000. Within the limit of $40,000, international cards may be issuable for $8,000 instead of $ 6,000 which may be refilled subject to availability of the limit and observance of specified formalities," the Bangladesh Bank (BB), the country's central bank in a notification on Monday.
Currently, authorized dealer (AD) banks are allowed to remit up to $30,000, with international card facility within the limit, on behalf of IT or Software fi...
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