After slapping a ban on central bank personnel, employees of banks and non-bank financial institutions (NBFIs) will also be unable to travel abroad under "all-expenses paid" by their employers.
As per Bangladesh Bank's newest directive, banks were instructed to refrain from releasing foreign exchanges on account of registration or participation fee for attending training, seminar and workshop abroad.
The restriction is applicable for officials of banks and NBFIs.
The move is seen as the central bank widening its restriction to stop foreign currency reserves from sliding further.
The central bank also advised authorized dealer banks to refrain from executing transactions for bank and NBFI employees operating in Bangladesh.
On May 18, Bangladesh Bank said its officials and employees will not be able to make any kind of foreign trips except for some emergency purposes.
To ease pressure on foreign exchange reserves, the government on May 11 decided to stop foreign trips of its officials and postponed the implementation of less important projects that require imports.
On May 16, the Finance Division said the employees of autonomous, state-owned, semi-government organizations and state-owned banks and financial institutions can't go on overseas trips.
Reserves fell to $41.92 billion last week owing to soaring imports. It was $46.15 billion on December 31.