Bangladesh Bank allows remittance to foreign edn instts for online study

Staff Correspondent | Published: 23:15, Apr 13,2021


The Bangladesh Bank on Tuesday gave permission to transfer money 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, the BB gave the permission to make such payments for online study for two semesters or sessions.

The payments were allowed till March 31, 2021 under the previous BB circular.

Unless the facility was extended by the BB, many students could have faced admission cancellations at overseas academic institutions, which prompted the BB to issue a circular in this regard.

An official of the central bank said that many students, after getting admission in foreign institutions, could not travel abroad due to the prevailing coronavirus situation. The facility would help these students to continue their study off-campus online, he said.

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