Thursday, 7 July, 2022

BB halts foreign trips of its officials, employees

BB halts foreign trips of its officials, employees

Bangladesh Bank (BB) has suspended overseas travel of its officials, employees with the central bank’s financing until further notice.

Foreign trips of Bangladesh Bank officials and employees, there participation in educational programmes,  seminars and workshops will remain suspended following the decision.

Bangladesh Bank states that officials/ employees can travel abroad for treatment or Hajj with their own expenses.

Earlier, the government put on hold all kinds of overseas travel of its officials until further notice due to current global crisis and to help post- Covid economic recovery.

On May 16, The Finance Ministry issued another circular clarifying policy and the restriction of traveling of government officials abroad.

The circular stated that the prohibitions mentioned in the earlier circular would be applicable to all government-semi-government and autonomous organizations.

These restrictions will also apply to travel abroad from the own funds of these organizations. In other words, government officials and employees cannot go abroad even with money from the internal funds such of any entities.

In line with the government instruction, Bangladesh bank has taken this decision.

Bangladesh Bank is discouraging the import of luxury goods to reduce the pressure on the forex reserves and to ease the dollar crisis.