Home ›› 25 May 2022 ›› Front
Bankers are now allowed to go abroad for special purposes like Hajj, and emergency health treatment.
Bankers who work in Bangladesh can also participate in seminars abroad at the cost of their foreign organizers.
On Monday, Bangladesh Bank (BB) amended the circular on the bankers’ foreign trip.
The circular stated that earlier in the circular BB halted the personal foreign trips of bankers to save foreign currency but now they can go abroad for special purposes.
Bankers can go abroad for holy Hajj of 2022 and emergency treatment with the recommendations of specialist doctors.
There is no obstacle for foreign nationals to go to their own countries who are working here for Bangladeshi banks.
Officials working at the Bangladeshi branches of foreign banks are now allowed to go abroad to visit the head offices of those banks.
Bankers will be able to participate in trainings, meetings, seminars, workshops and study tours with the full funding of foreign organizing bodies.
In order to save foreign currency, the government has recently directed the government, autonomous, semi-government organizations and NGO members to limit their travel abroad.
The Ministry of Finance also gave similar instructions in the case of financial institutions. Last week the central bank also limited foreign trip for its officers and also for banks and non-bank financial institutions.
Bangladesh’s import costs have risen sharply after the pandemic and the Russia-Ukraine war has pushed up commodity prices at the international market.
The foreign exchange reserve is also strained due to the rising import costs. Reserves fell to $42 billion on May 18 from $48 billion in August last year.
In such a scenario, the government had taken several steps including restricting foreign travel of government and private officials to save foreign currency, imposing regulatory duties on luxury goods and devaluing money to discourage import.
