Bangladesh Bank has raised the annual foreign exchange travel quota for Bangladeshi citizens travelling abroad. Under the new rules, an adult Bangladeshi citizen will be allowed to use up to US$18,000, or its equivalent in other foreign currencies, per year. The previous limit was US$12,000.
The central bank issued a circular on Sunday outlining the new rules. According to the circular, authorized dealer (AD) banks can release a maximum of US$18,000, or its equivalent in foreign currency, to an adult citizen for overseas travel during a calendar year.
Bangladesh Bank said the travel quota was increased to meet citizens’ genuine foreign exchange needs for international travel and to reflect changing travel requirements.
The decision raises the annual travel quota by US$6,000, taking it from US$12,000 to US$18,000.
There has been no change in the travel quota for children under the age of 12. They will continue to be eligible for up to 50% of the amount allowed for adults. Under the new rules, this means children will have an annual travel quota of up to US$9,000.
However, travellers will not be allowed to take the entire quota in cash. Under the existing rules, an individual can carry a maximum of US$5,000 in cash per year. The remaining amount can be used through other authorized means.
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