Limit raised for forex endorsement by money changers

Bangladesh Bank (BB) has doubled the limit for the endorsement of foreign currencies at money exchange houses for travels abroad.

From now, a traveller can endorse a maximum of $2,000, or an equivalent amount in other foreign currencies, at money changers, the central bank said in a circular on Tuesday.

The limit was previously $1,000.

Earlier, a traveller could purchase a maximum of $1,000 from money changers in a year, while the rest had to be bought from banks.

"We have increased the endorsement amount for the convenience of Bangladeshis going abroad," said a senior official of the BB.

"Now, one person will be able to buy up to $2000 in cash from a money changer," he said.

Officials said a Bangladeshi can take a total of $12,000 abroad in a calendar year for travels.

Earlier, a traveller could purchase a maximum of $1,000 from money changers in a year, while the rest had to be bought from banks.

In its circular, the BB said the limit on US dollar sales would not be applicable for Hajj pilgrims. Money exchange houses can offer foreign currencies as per the Hajj policy of the government.