Dhaka, Nov. 9 -- Bangladesh Bank has doubled the amount individuals can send abroad for medical treatment without prior approval, raising the limit from $15,000 to $30,000.

Authorised dealer banks can now remit up to $30,000, or its equivalent in another foreign currency, for overseas medical expenses without clearance from the central bank.

The decision was announced in a circular issued by the central bank's Foreign Exchange Policy Department on Monday.

The circular said the measures would make foreign currency transactions more flexible and facilitate current-account payments. Existing rules will apply to transfers exceeding $30,000.

The central bank has eased payments for school-level education abroad. Previously, prior approval w...