BB relaxes foreign exchange rules for private travel abroad

Bangladesh Bank (BB) has relaxed its regulations on releasing foreign exchange for private travel purposes, reports BSS.

Authorised Dealer banks have been allowed to endorse or set travel entitlements to concerned Bangladesh nationals in international cards for multiple years depending on the validity of passports, said a BB circular issued on Thursday.

In this context, the banks need to observe specific conditions, which include that the yearly use will not exceed the limit of US$12,000.