BB relaxes forex rules for online study abroad, webinar solution services
Monday, 24 August 2020
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, reports BSS.
"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 Sunday.
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.
Meanwhile, Bangladesh Bank (BB) has also relaxed its rules of foreign exchange release for holding official meetings of government and corporate sectors through webinar solution services considering the situation created due to COVID-19 pandemic.
"Due to ongoing COVID-19 pandemic situation, official meetings of government and corporate sectors are being held virtually through webinar solutions.