Freelancers allowed remitting up to $500 for IT expenses
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Dhaka, Bangladesh, Sept. 11 -- The central bank of Bangladesh has enhanced the limit of outward remittances on account of IT expenses through digital wallet to US$500 from $300 earlier to facilitate freelancers, officials said.
"We've increased the limit of outward remittances on account of IT expenses to facilitate IT freelancers or developers through meeting their bonafide needs," a senior official of the Bangladesh Bank (BB) explained the main objective of the measure.
He also said it will help increasing earnings from service exports.
The central bank issued a notification in this connection on Monday and asked all foreign exchange authorised dealer banks, officially known as ADs, to follow the latest instruction relating to remit ...
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