Bangladesh Bank (BB) has introduced a key policy measure to enhance the efficient processing of small-value export earnings generated through cross-border e-commerce activities.
Bangladesh Bank has increased the declaration-free export limit to US$1,000, from the previous cap of $500, to encourage cross-border e-commerce and small-scale export activities.
The central bank disclosed the update through a circular released on Wednesday, stating that the initiative is designed to support small-scale and e-commerce exporters while advancing digital export practices. According to officials, the revised policy will simplify the process for small traders and online businesses to receive export earnings safely through official banking channels.
BB also released an additional circular broadening the scope of its digital repatriation framework for export proceeds.
According to the updated guidelines, export payments for shipments exempt from the ‘EXP Form’ requirement can now be received via Mobile Financial Service Providers (MFSPs) and Payment Service Providers (PSPs) authorized by the central bank. The move is expected to streamline the receipt of export earnings, particularly for small-scale exporters and online merchants dealing with low-value shipments.
Authorized banks have been directed to support these transactions in accordance with the revised regulatory guidelines. Earlier, MFSPs and PSPs were permitted to repatriate export earnings solely from IT-related services.
The latest directive extends to include exports of small-value physical goods in addition to previous categories.
Industry experts have praised the decision, calling it a major advancement in streamlining export processes, strengthening support for small and digital exporters, and improving the inflow of foreign currency through formal financial systems.
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