BB lifts cash entitlement to $5000

The Bangladesh Bank (BB) has raised the cash entitlement to $5,000 from the previous limit of $3,000 for travelling abroad, reports BSS.

The central bank in a circular Wednesday asked all the authorised dealers to issue an outbound Bangladeshi citizen foreign currencies amounting up to $5,000 per person per trip against their annual travel quota.

The non-resident Bangladeshi and the foreigners will also get the similar amount of US dollars in cash against their related bank accounts, the circular said.

The BB earlier in April last year enhanced the private travel entitlement to $12,000 per adult passenger during a calendar year, with up to $5,000 or an equivalent amount for travel to SAARC member countries and Myanmar and up to $ 7,000 or an equivalent amount for travel to other countries. For minors below 12 years in age, the applicable quota is half the amount allowed for adults.