Forthe first time in the country, Bangladesh Bank has allowed banks to introduceinternational debit cards. This permission will allow the bank to issue aninternational debit card against an account. Like credit cards, customers willnot be able to spend more than 12,000 per annum abroad in the annual travelquota.

Thecentral bank\'s foreign exchange policy department has sent a circular on June 16to the chief executives of all banks.

Theletter, signed by the general manager of the department, gave threeinstructions to issue international credit cards.

Itsaid that from now on, banks will be able to issue international credit cardsagainst the customer\'s local currency bank account opened under the travelquota. Before spending abroad, you have to get dollar endorsement from the bankin the customer\'s passport. In order to adjust the money spent abroad, thecustomer must have enough money as the account with which the internationaldebit card will be attached.

Ithas been reported that with this international debit card, you can go abroadand do all the approved things like credit card, shopping, travel, hotel billpayment. That is why you have to endorse the dollar worth of annual travelquota before going abroad. However, a person cannot spend more than 12 thousanddollars a year. Only if you have money in your account can the customer spendthe entire 12,000 of the travel quotas.

Earlier,the limit was 5,000 for SAARC countries and Myanmar. In addition, the limit forother countries was 7 thousand dollars. Debit card costs cannot be more thanthis.