Dhaka, Bangladesh (BBN)- The central bank of Bangladesh has relaxed regulations allowing foreign tourists to get unspent Bangladesh Taka (BDT) reconverted to foreign exchanges from any licenced money changers.
“We’ve relaxed our foreign exchange (forex) regulations to encourage foreign nationals to visit Bangladesh,” a senior official of the Bangladesh Bank (BB), the country’s central bank, told BBN in Dhaka.
He also said it will help foreign tourists to reconvert their unspent local currency easily.
The BB issued a notification on Tuesday in this connection and asked all licenced money changers (MCs) and banks to follow the latest instructions for reconversion of unspent BDT to foreign exchanges by foreign tourists.
Under the existing regulations, MCs are allowed to reconvert up to US$500 in cash of the unspent BDT funds of foreign tourists on production of encashment certificate provided conversion of foreign currency was done by itself earlier.
In order to ease reconversion by foreign tourists, any licenced MC, whether it en-cashed earlier or not, may reconvert the unspent BDT belonging to a traveler within the permissible limit provided that the tourist submits system generated encashment certificate provided by any licensed MC, according to the notification.
“During reconversion, the MC shall stamp on the original encashment certificate to the effect that reconversion has been executed and preserve a copy thereof,” it noted.
BBN/SSR/AD