Written by The Banking Post
In a move to simplify overseas payment procedures, the Bangladesh Bank has eased foreign exchange regulations, allowing banks to process admission and examination fees abroad without prior approval. The policy change is expected to benefit students and professionals pursuing global academic credentials.
According to a recent circular, banks can now remit fees for distance learning or correspondence courses that require certification or exams, provided the relevant conditions are met. Eligible payments include professional examination fees such as those for the Chartered Financial Analyst (CFA), Certified Equity Market Analyst (CEMA), and the Association of Chartered Certified Accountants (ACCA).
Previously, students relied on various informal channels—such as relatives living abroad, intermediaries, or bank transfers requiring lengthy approvals—to make these payments.
A British Council representative welcomed the decision, noting that it will reduce red tape, curb the use of informal payment systems, and support Bangladesh’s integration into global education networks. Banks are now obligated to keep digital records and report transactions regularly to the central bank.
This move is part of broader financial sector reforms aimed at streamlining remittance services and expanding access to international education opportunities.
