BB Circular

Money can be sent abroad till March 2022

Bangladesh Bank yesterday further extended the period till which foreign currency can be sent abroad for higher education, research and training of Bangladeshi students.

In August 2020, the central bank relaxed the rule for the first time saying that student could be sent money till March this year. It later extended the timeframe until September. The latest extension is till March next year.

A good number of students are still studying through online platforms from Bangladesh as some foreign nations are yet to withdraw travel restrictions in an attempt to contain the spread of the novel coronavirus, according to a central bank notice.

Foreign educational institutions are admitting students and conducting online classes even during the ongoing Covid-19 pandemic, the circular read.

“To facilitate the situation, banks may affect outward remittances, on account of study abroad, under online teaching arrangements; subject to [their] receiving supporting documents with respect to such online courses and observing the required instructions,” it said.

Shamsuddin Akanda

I am, Mohammad Shamsuddin Akanda, working as an officer in Islami Bank Bangladesh Limited, the largest bank in the country. I have been developing Banker Blog for a long time. Undoubtedly, this is an excellent and wonderful platform for the bankers. I write on this blog whenever I get time. I'm eager to learn the unknown aspects of Economics and Banking, especially Fintech, and I share as much as I can with everyone. If you get time, you can take a peek at my Blog (Banker)-

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