September 25, 2022, 8:45 pm

Foreign travel of central bank officials canceled

  • Update Time : Thursday, May 19, 2022
  • 31 Time View
Foreign travel of central bank officials canceled

All the orders issued by the officers and employees for the foreign travel of Bangladesh Bank have been canceled. Besides, it has been decided to stop foreign travel with the central bank’s own funding and partial financing. As a result, foreign travel, participation in educational activities, seminars and workshops of Central Bank officials and employees were stopped.

However, an internal directive of Bangladesh Bank states that one can travel abroad for medical treatment and Hajj at one’s own expense.

Earlier on Monday, the finance ministry directed government employees and officials to stop traveling abroad by employees of state-owned, autonomous, semi-government institutions, state-owned banks and financial institutions. The central bank then took this decision.

According to a circular issued by the Finance Department of the Ministry of Finance, foreign travel will be stopped with the own funds of state-owned, autonomous, semi-government institutions, state-owned banks and financial institutions.

Bangladesh Bank is discouraging the import of luxury goods to reduce the pressure on the reserves and to ease the dollar crisis. As part of this, government officials and employees have been banned from traveling abroad.

Trader Bangladesh, May 19, 2022

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