Staff Reporter :
The private sectors must take prior approval from the Bangladesh Bank (BB) to attend overseas seminars, conferences, workshops and trainings.
The central bank issued a circular in this connection on Wednesday. It says participation in the seminars, conferences and workshops in the SAARC member countries and Myanmar would be allowed with prior approval from the foreign
exchange operation department of the central bank. The AD branches may release foreign exchange only for the actual period of the programme on the basis of invitation letters received in the names of the applicants or their employers’ institutions.
Photocopies of the invitation letters and all other related documents will be kept in record by the ADs for post facto scrutiny by the BB.
The circular adds that the participants will be allowed to take foreign exchange worth $350 for a day from the banks for SAARC countries. The earlier ceiling was $200 for a day.
The participants will be allowed to take $400 for a day of attending seminars, conferences and workshops in the other countries. The earlier ceiling for the countries was $250.
Release of foreign exchange beyond the above mentioned indicative limits will be allowed by the BB upon submission of requests supported by documented proof of the expenses.
Applications for such release will have to be sent to the foreign exchange operation department of the central bank.
A managing director of a private bank requesting not to be named said photocopies of the invitation letters and all other related documents will be kept in record by the foreign exchange branches for post scrutiny.
The private sectors must take prior approval from the Bangladesh Bank (BB) to attend overseas seminars, conferences, workshops and trainings.
The central bank issued a circular in this connection on Wednesday. It says participation in the seminars, conferences and workshops in the SAARC member countries and Myanmar would be allowed with prior approval from the foreign
exchange operation department of the central bank. The AD branches may release foreign exchange only for the actual period of the programme on the basis of invitation letters received in the names of the applicants or their employers’ institutions.
Photocopies of the invitation letters and all other related documents will be kept in record by the ADs for post facto scrutiny by the BB.
The circular adds that the participants will be allowed to take foreign exchange worth $350 for a day from the banks for SAARC countries. The earlier ceiling was $200 for a day.
The participants will be allowed to take $400 for a day of attending seminars, conferences and workshops in the other countries. The earlier ceiling for the countries was $250.
Release of foreign exchange beyond the above mentioned indicative limits will be allowed by the BB upon submission of requests supported by documented proof of the expenses.
Applications for such release will have to be sent to the foreign exchange operation department of the central bank.
A managing director of a private bank requesting not to be named said photocopies of the invitation letters and all other related documents will be kept in record by the foreign exchange branches for post scrutiny.
