Foreign exchange transaction for IT/Software firms

As per Bangladesh Bank circular FE circular no. 23 dated August 10, 2016, Authorized Dealers are allowed to remit abroad up to USD 25,000 on behalf of IT/Software firms to meet their bonafide expenses in a calendar year (previous limit was USD 20000). Accordingly, the limit for issuance of International Card to a nominated official of IT/Software firm is also increased to USD 2,500 from USD 2,000 within the revised total limit of USD 25,000.