Bangladesh Bank has raised the limit on foreign currency sales by licensed money changers to outgoing Bangladeshi citizens, allowing travelers to purchase up to $3,000 in cash per instance against their annual personal travel quota.
Under the revised regulations, licensed money changers can now sell up to $3,000 in foreign bank notes and coins to an outbound citizen, increasing the previous single-transaction ceiling of $2,000.
The central bank issued a circular Thursday stating that the policy adjustment aims to better accommodate the foreign currency needs of Bangladeshi citizens traveling abroad.
Under the new measure, travelers can purchase the remaining portion of their allowed annual travel entitlement in other freely convertible and usable currencies—either as notes or coins—subject to overall quota limits and foreign exchange availability.
The updated framework is expected to offer outward-bound citizens greater ease and flexibility when sourcing cash foreign currency through money changers.