The Bangladesh Bank (BB) on Tuesday instructed authorized dealer (AD) banks and money changers to verify the amount of foreign currency a customer spent against their passport before endorsing fresh foreign currency.
The central bank's foreign exchange operation department issued a circular in this regard on the day.
According to the central bank, currently, a traveller can spend up to $12,000 a year endorsed against their passport.
Children under 12 are allowed to endorse up to $6,000 against their passports.
Earlier, they could spend a maximum of $7,000.
The limit was increased in a circular issued in 2019.
According to the circular, before releasing foreign currency under a traveller's passport, banks and money changers must verify the amount of dollars spent by the concerned traveller in the central bank's Online TM Form Monitoring System (OTFMS), International Card Monitoring System (ICMS) or Online Money Changer Monitoring System (OMCMS).
