Dhaka, Nov. 9 -- Bangladesh Bank (BB) has announced greater flexibility in outward remittance facilities, doubling the foreign exchange release limit for medical treatment abroad from $15,000 to $30,000.

The Foreign Exchange Policy Department (FEPD) of the central bank issued a circular on Monday outlining the updated regulations for Authorized Dealers (ADs) to facilitate legitimate current-account transactions without requiring prior central bank approval. The directives take effect immediately.

Key changes introduced in the circular include:

Medical Treatment Abroad: ADs are now authorized to release foreign exchange up to $30,000 (or equivalent) without prior approval from Bangladesh Bank, amending previous limits.

Study Abroad: Wh...