BB imposes restrictions on foreign travel for bank officials

The Bangladesh Bank has imposed strict limitations on foreign travel for all bank officers and employees until the 13th general election is held. This measure is intended to prevent any administrative disruption or void in banking operations leading up to and during the election period.

The central bank's Banking Regulation and Policy Department (BRPD) issued a circular to this effect on Wednesday (November 26), UNB reports.

The circular mandates that managing directors, chief executive officers, and other bank officers and employees of bank-companies must refrain from foreign travel unless it is due to extremely urgent and absolutely indispensable reasons.

The central bank stated that this "limited travel policy" has been enforced to ensure the stability and smooth functioning of the banking sector during the election period.

The directive emphasizes that creating a vacuum in critical administrative positions ahead of the election could hinder the overall management of banks, necessitating this cautionary step.