Business

BB restricts foreign trips of bank officials


By BSS
Published : 23 May 2022 08:15 PM

Bangladesh Bank (BB) has restricted foreign trips of bank officials and employees in the context of post Covid-19 economic recovery and ongoing global situation.

The central bank took the decision as part of the government's plan to reduce pressure on foreign reserves and to resolve the dollar crisis, according to a BB circular issued here on Sunday.

As per the circular, banks and financial institutions have been instructed not to release dollars for overseas travel of their officials and employees for participating in all kinds of training, seminars and workshops including personal visit.

Earlier on May 18, the Bangladesh Bank cancelled foreign travel of all officers and employees at the expense of the central bank.