Dhaka, Bangladesh (BBN) - The central bank has enhanced global private travel entitlement by 71.43 percent to US$12000 from $7000 earlier to facilitate tourism, officials said.
Under the relaxation, the authorised dealer banks, officially known as ADs, may release foreign exchange up to US$5000 or equivalent per person from $2000 earlier during a calendar year to Bangladesh nationals proceeding by air or overland to destinations in SAARC member countries and Myanmar.
Also for visits of Bangladesh nationals to destinations in countries other than those mentioned above, up to US$ 7000 per person from $5000 earlier may be issued during a calendar year.
“As before, for minors (below 12 years in age) the applicable quota will be half the amount admissible for adults,” the Bangladesh Bank (BB) said in a circular, issued on Sunday.
However, foreign exchange in the form of cash must not exceed $3000 per person per trip. It was fixed at $2000 earlier.
“We’ve increased the private travel quota to facilitate tourism sector,” a central banker explained.
BBN/SSR/AD-06Apr14-7:01 pm (BST)