Regulatory Alerts2014-04-06
Added · Updated
FEPD Circular No. 17: Release of foreign exchange for private travel abroad
The annual global private travel entitlement for resident Bangladesh nationals is enhanced to US$ 12,000 per adult passenger during a calendar year, with up to US$ 5,000 for travel to SAARC member countries and Myanmar, and up to US$ 7,000 for other countries. Minors under 12 years of age are entitled to half the adult amount, and foreign exchange in cash form must not exceed US$ 3,000 per person per trip. These instructions are effective immediately and apply to all Authorized Dealers of Foreign Exchange in Bangladesh.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. www.bb.org.bd FE Circular No. 17 Date: April 06 , 2014. All Authorized Dealers of Foreign Exchange in Bangladesh Dear Sirs, Release of foreign exchange for private travel abroad Attention of the Authorized Dealers is invited to paragraph 1(ii), chapter 12 of the Guidelines for Foreign Exchange Transactions-2009, Vol-1 read with FE Circular No. 24, dated December 02, 2009 and FE Circular No. 09, dated August 27, 2012 regarding annual travel entitlement of resident Bangladesh nationals for private travel abroad. 02. It has been decided to enhance this global private travel entitlement to US$ 12,000 per adult passenger during a calendar year, with upto US$ 5,000 or equivalent for travel to SAARC member countries and Myanmar and upto US$ 7,000 or equivalent for travel to other countries. As before, for minors (below 12 years in age) the applicable quota will be half the amount admissible for adults. However, foreign exchange in the form of cash must not exceed US $3000 per person per trip. 03. Other instructions regarding release of foreign exchange for travel abroad will remain unchanged. Please bring the above instructions, effective immediately, to notice of all concerned. Yours faithfully,
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