Bank executives in Bangladesh are facing obstacles in traveling abroad for business purposes due to restrictions imposed by the Bangladesh Bank. The restrictions, implemented since March 2020, require bank managing directors (MDs) to obtain approval for foreign travel. This has resulted in challenges for MDs attending international conferences and maintaining relationships with foreign banks. Concerns have been raised about the impact on business and the timely payment of letters of credit. While the restrictions aim to reduce unnecessary travel, some argue that they hinder fulfilling responsibilities and meeting family members residing abroad. Although approval can be granted for justified cases, overall travel for bank executives has significantly decreased. The Bangladesh Bank states that the restrictions are beneficial, considering the ongoing dollar crisis and the need for good governance.
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