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Bangladesh Bank

central bank of Bangladesh and member of the Asian Clearing Union

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Photo: Ifteebd10 / Wikimedia Commons (CC BY-SA 4.0)
Bangladesh Bank eases forex rules for freelancers nationwide
Bangladesh Bank announced new circulars to ease foreign exchange transactions for freelancers and individual service exporters, expanding digital payment access and simplifying documentation. The rules allow small-value inward remittances up to $20,000, permit up to $10,000 per transaction via online payment gateways, increase exporters’ retention quotas to 50% for ICT firms and 30% for others, and broaden the use of dual-currency cards, MFSPs, and PSPs to strengthen formal remittance channels and foreign exchange inflows.
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Facts from Wikidata (CC0). Image via Wikimedia Commons (Public domain).

Bangladesh Bank is the central bank of Bangladesh. Bangladesh Bank is the principal monetary authority of the country and is responsible for issuing currency, formulating and implementing monetary policy, and maintaining price and financial stability. It is a member of the Asian Clearing Union and is fully owned by the government of Bangladesh.

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Country: Bangladesh
Headquarters: Bangladesh Bank Building
Inception: December 16, 1971
Website: http://www.bangladesh-bank.org

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