Bangladesh Bank (BB) on Wednesday ordered release of foreign currencies for studying overseas online, especially for those who are receiving education from Chinese institutions.
Bangladeshi students who are studying in educational institutions of China are still studying under online arrangements from Bangladesh due to travel restrictions imposed by that country for the ongoing Covid-19 pandemic, the central bank states.
These students are now applying for visas for which all the due tuition fees need to be paid in favour of their respective educational institutions.
For this reason, the BB has decided that foreign exchange branches may continue to effect outward remittances on account of these students till September 30, 2022 subject to observance of usual regulatory instructions.
Md Sarwar Hossain, director of the Foreign Exchange Policy Department, issued the order.
In August 2020, the central bank relaxed the rule for the first time saying that the students could be sent money until March 2021. A good number of students have been studying through online platforms from Bangladesh as some foreign nations had favoured this mode of education in an attempt to contain the spread of the novel coronavirus at that time.
But this time they need to attend in person and need to pay all dues, the BB order says.
