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BB allows banks to facilitate tuition fee payments in China

Staff Correspondent
09 Nov 2022 15:09:08 | Update: 09 Nov 2022 15:50:06
BB allows banks to facilitate tuition fee payments in China

Bangladesh Bank has allowed the banks to release foreign exchange to help Bangladeshi students studying in China to pay their tuition fees.

The central bank issued a notification in this regard on Wednesday.

"So, it has been decided that the authorised dealers (ADs) may continue to effect outward remittances on account of these students till September 30, 2022," reads the notice.

The central bank said Bangladeshi students who are studying in different institutions in China under online teaching arrangements from Bangladesh due to the travel restrictions imposed by Beijing for the coronavirus pandemic are now applying for visas for which all the due tuition fees need to be paid. Therefore, the central bank came up with this direction to help the students.

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