The Bangladesh Bank (BB) has doubled the permissible limit for export transactions that do not require a formal declaration, in a bid to encourage small-scale and digital exporters.

According to a circular issued on Wednesday, exporters can now ship goods or services worth up to US$1,000—or its equivalent—without filing an official ‘EXP Form’, up from the previous ceiling of $500. The central bank stated that the move is aimed at supporting cross-border e-commerce and streamlining low-value export activities.

Officials noted that the revision would help small traders and online entrepreneurs repatriate export earnings more easily and securely through formal banking and digital channels.

On the same day, the BB also expanded the digital repatriation framework for export proceeds, enabling payments for declaration-free shipments to be received through Mobile Financial Service Providers (MFSPs) and Payment Service Providers (PSPs) licensed by the central bank.

Previously, these digital platforms were permitted only to handle repatriations related to IT service exports. The new directive extends their role to include small-value physical goods exports, marking a significant policy expansion.

Nominated banks have been instructed to facilitate such digital transactions under the updated rules, ensuring compliance and smoother fund transfers.

Industry stakeholders have welcomed the decision, calling it a timely step towards modernising export regulations, empowering small and online exporters, and promoting foreign currency inflows through formal financial systems.