BB allows remittances abroad for online study

Staff Correspondent | Published: 18:26, Apr 13,2021


Bangladesh Bank on Tuesday allowed remittances abroad for the payment to foreign academic institutions for online study.

The facility would be available for two semesters or sessions till September 30, 2021, said a BB circular issued on the day.

In August 2020, BB permitted this payment for online study for two semesters or sessions.

BB had allowed such payment till March 31, 2021 under its previous circular.

Unless the facility was extended by the BB, admission of many students in overseas academic institutions could have been cancelled, prompting the BB to issue a circular in this regard.

An official of the central bank said that many students after admission in foreign institutions could not move abroad due to the prevailing coronavirus situation across the globe.

The facility would help to continue the study off-campus online, he said.

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