BB relaxes forex release rules for online study abroad

Live Correspondent: Bangladesh Bank (BB) has relaxed its rules of foreign exchange release considering the current situation of admission of students for online lessons in foreign educational institutions due to COVID-19 pandemic.

“Given the ongoing situation due to COVID-19 pandemic, it is observed that foreign educational institutions are admitting students and imparting online lessons. To facilitate the situation, it has been decided that Authorized Dealers (ADs) may effect outward remittances on account of study abroad under online teaching arrangements subject to getting supporting documents in respect of such online courses and observance of the required instructions as per above mentioned
regulations,” said a BB circular issued today.

ADs shall, before effecting remittances, be satisfied to the effect that the online education shall continue maximum for two semesters or sessions, the circular added.

 

Dhaka, 23 August (campuslive24.com)//MI

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