June 28, 2022
BB relaxes foreign exchange rules for private travel abroad

BB relaxes foreign exchange rules for private travel abroad

BB relaxes foreign exchange rules for private travel abroad

Banks have been asked to ensure the yearly use does not exceed the limit of $12,000

Bangladesh Bank has relaxed its regulations on releasing foreign exchange for private travel purposes.

The Authorised Dealer banks have been allowed to endorse or set travel entitlements to Bangladeshi nationals in international cards for multiple years depending on the validity of passports, according to a circular issued on Thursday.In this context, the banks need to observe specific conditions, which include that the yearly use does not exceed the limit of $12,000.