Dhaka: Bangladesh Bank (BB) has restricted foreign travel for officials and employees of all Non-Bank Financial Institutions (NBFIs) until the upcoming national election. To this end, the central bank today issued a circular, detailing the immediate limitations on overseas journeys.
According to Bangladesh Sangbad Sangstha, the circular mandates that managing directors, chief executive officers, and all other officials must refrain from traveling abroad. The restriction has allowed exceptions only in cases of absolute necessity or when the travel is deemed indispensable.
The restriction will remain in place until the end of the national election scheduled for February next year. The BB issued the directive in line with the Bank Company Act, 1991. It did not clarify what would constitute essential travel.