World · Bangladesh Bureau
Bangladesh raises annual foreign travel allowance to $18,000 per person
The central bank has increased the permitted annual foreign exchange allocation for overseas travel, allowing Bangladeshi citizens greater access to funds for international trips. The new limit represents a significant expansion of previous restrictions on currency outflows for leisure travel.
LSN Bangladesh ·
Bangladesh Bank has raised the ceiling on annual foreign exchange allocations for overseas travel to $18,000 per person, providing citizens with increased flexibility in planning international vacations and trips abroad.
The revised allowance marks a substantial increase from previous limits, reflecting adjustments to the country's foreign exchange management policies. The move is intended to facilitate legitimate overseas travel by residents while maintaining oversight of currency outflows.
Citizens seeking to travel abroad can now access the higher allocation through authorised banks and exchange dealers, subject to standard documentation and verification procedures. The measure applies to both leisure and personal travel purposes.
The decision comes as Bangladesh continues to balance its foreign exchange reserves with the needs of its citizens for international mobility. Officials indicated the increased allocation was necessary to align with contemporary travel costs and regional standards for currency access.
Travellers are advised to consult with their banks regarding documentation requirements and procedures for accessing the foreign exchange allowance prior to international departures.