Bangladesh Bank (BB) has raised the cash entitlement to $5,000 from previous $3,000 for traveling abroad.
The central bank in a circular on Wednesday asked all the authorised dealers to issue outbound Bangladeshi citizen cash foreign currency amounting up to $5,000 per person per trip against their annual travel quota, reports BSS.
The non-resident Bangladeshi and the foreigners will also get the similar amount of cash US dollars against their related bank accounts, the circular said.
BB in April last year enhanced private travel entitlement to $12,000 per adult passenger during a calendar year, with up to $5,000 or equivalent for travel to SAARC member countries and Myanmar and up to $ 7,000 or equivalent for travel to other countries. For minors below 12 years in age, the applicable quota is half the amount admissible for adults.