Bangladesh, Aug. 10 -- Bangladesh Bank (BB) has allowed tour operators affiliated with the Tour Operators Association of Bangladesh (TOAB) to collect payments in taka from resident Bangladeshis for overseas tour packages and remit the equivalent foreign currency to service providers abroad.

Advertisement The central bank issued a circular on Sunday, introducing the facility to enable eligible tour operators to receive payments in local currency and settle their dues with overseas service providers through authorised dealer (AD) banks.

Under the new arrangement, eligible tour operators must have agreements with overseas tour operators, hotels or destination management companies, according to the circular.

AD banks will be allowed to re...